Nvidia-supported AI startup CoreWeave is considering a stock sale at a valuation of 23 billion dollars, according to reports.
According to Bloomberg's report on Friday, NVIDIA (NASDAQ: NVDAArtificial intelligence startup CoreWeave, supported by Bloomberg, is considering selling its shares as it approaches an IPO next year, almost tripling its valuation in less than a year.
CoreWeave is a cloud provider based in New Jersey that offers users access to various GPUs, including Nvidia's H200 Tensor Core model, for training large language models, inference, and high-performance computing applications.
According to informed sources, this emerging company is considering a plan that would allow employees and current shareholders to sell up to $500 million worth of shares at a valuation of $23 billion, Bloomberg reports.reported..
Following its latest funding round, CoreWeave reached a valuation of $19.1 billion in May. Its valuation in December last year was $7 billion.
Key investors include Nvidia, Blackstone, Coatue, Magnetar, Altimeter Capital, Fidelity, Lykos Global Management, and others.
CoreWeave plans to build 28 data centers by the end of the year. The company is also constructing data centers in Europe, with two locations in the UK and plans to open facilities in Norway, Sweden, and Spain by the end of 2025.
CoreWeave is a cloud provider based in New Jersey that offers users access to various GPUs, including Nvidia's H200 Tensor Core model, for training large language models, inference, and high-performance computing applications.
According to informed sources, this emerging company is considering a plan that would allow employees and current shareholders to sell up to $500 million worth of shares at a valuation of $23 billion, Bloomberg reports.reported..
Following its latest funding round, CoreWeave reached a valuation of $19.1 billion in May. Its valuation in December last year was $7 billion.
Key investors include Nvidia, Blackstone, Coatue, Magnetar, Altimeter Capital, Fidelity, Lykos Global Management, and others.
CoreWeave plans to build 28 data centers by the end of the year. The company is also constructing data centers in Europe, with two locations in the UK and plans to open facilities in Norway, Sweden, and Spain by the end of 2025.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
