{"id":387460,"date":"2023-04-21T20:00:15","date_gmt":"2023-04-21T20:00:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=387460"},"modified":"2023-04-21T21:56:14","modified_gmt":"2023-04-21T21:56:14","slug":"coreweave-raises-221-million-in-investment-to-expand-cloud-computing-structure","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coreweave-raises-221-million-in-investment-to-expand-cloud-computing-structure","title":{"rendered":"CoreWeave Raises $221 Million in Investment to Expand Cloud Computing Structure"},"content":{"rendered":"

CoreWeave Inc., one of the industry leaders in cloud computing, announced that it had secured a large tranche of funding worth $221 million as it continues to remain steadfast in operation expansion.<\/p>\n

CoreWeave New Investment: A Catalyst to Dominate the Cloud Computing Industry?<\/h2>\n

On Thursday, CoreWeave officially stated<\/a> it had raised a groundbreaking $221 million in Series B funding, a new milestone tipped to propel its market growth globally.<\/p>\n

The funding team was headed by renowned companies and reputable personnel such as Magnetar Capital, Nvidia, former GitHub CEO Nat Friedman, and Daniel Gross, an ex-Apple executive.<\/p>\n

Magnetar Capital, a leading hedge fund firm, contributed $111 million to the potential expansion growth of CoreWeave.<\/p>\n

The remainder of the investment was split between Nvidia, a major player in the technology industry, Friedman and Gross.<\/p>\n

At the event, an Nvidia spokesperson stated the investment represents a growing and deepening partnership with CoreWeave.<\/p>\n

The technology iterated that the investment will expand its cloud infrastructure to process computational workloads such as machine learning artificial intelligence (AI)<\/a>, graphics, pixel streaming, and many more.<\/p>\n

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CoreWeave Raises $221M to Scale Its Cloud Infrastructure for Generative AI and\u00a0LLM https:\/\/t.co\/87WsARTluc<\/a><\/p>\n

— Metaverse Post \u24c2\ufe0f (@mpost_io) April 20, 2023<\/a><\/p><\/blockquote>\n