How Much Did CoreWeave Raise? Headquarters, Funding & Key Investors

CoreWeave, founded in 2017 and based in Livingston, New Jersey, is a high-performance cloud computing provider specializing in GPU and CPU infrastructure for AI workloads. The company has raised a total of $13.4 billion across multiple rounds, including $7.5 billion in debt financing in May 2024 and $650 million in October 2024, reaching a $23 billion valuation as of March 2025. With 239 employees, CoreWeave is backed by top investors such as Blackstone, Fidelity, and Magnetar Capital, driving global expansion in AI-native cloud infrastructure.

How Much Did CoreWeave Raise? Funding & Key Investors

CoreWeave has raised significant capital across multiple funding rounds, most recently securing $650 million in conventional debt on October 11, 2024, to expand AI infrastructure and managed cloud services. Founded in 2017, CoreWeave specializes in delivering GPU and CPU compute resources, networking, storage, and AI infrastructure tools, making high-performance computing accessible and scalable for AI workloads.

What Is CoreWeave and What Does It Do?

CoreWeave, founded in 2017 by Brannin McBee, Brian Venturo, and Michael Intrator, is a high-performance cloud computing provider built for AI-native applications. Their platform offers high-performance, scalable, and secure cloud infrastructure, trusted by leading AI labs and enterprises.

CoreWeave focuses on supporting AI researchers, enterprise teams, and startups by enabling efficient training of large models, inference pipelines, and HPC workloads. Their platform includes observability tools and cluster health monitoring to ensure reliable AI performance.

With 239 employees as of December 2023, CoreWeave has established itself as a key player in cloud infrastructure and AI-native computing services.

How Much Funding Has CoreWeave Raised?

Seed Round
- Amount Raised: $3M
- Date: July 2018
- Motivation: Initial funding to develop the platform and attract early customers.
Seed Round
- Amount Raised: $1.2M
- Date: February 2019
- Motivation: To further product development and expand the team.
Series A
- Amount Raised: $2.5M
- Date: October 2019
- Motivation: To scale operations and enhance cloud infrastructure.
Convertible Note
- Amount Raised: $50M
- Date: November 2021
- Lead Investors: Magnetar Capital
- Motivation: To support rapid growth and prepare for future funding rounds.
Debt Financing
- Amount Raised: $100M
- Date: December 2022
- Lead Investors: Magnetar Capital
- Motivation: To expand data center capacity and enhance service offerings.
Series B
- Amount Raised: $221M
- Date: April 2023
- Lead Investors: Magnetar Capital
- Motivation: To accelerate growth and expand market reach.
Series B
- Amount Raised: $200M
- Date: May 2023
- Lead Investors: Magnetar Capital
- Motivation: To further scale operations and enhance technological capabilities.
Debt Financing
- Amount Raised: $2.3B
- Date: August 2023
- Lead Investors: Blackstone Group, Magnetar Capital
- Motivation: To support large-scale infrastructure projects and meet growing demand.
Secondary Market
- Amount Raised: $642M
- Date: December 2023
- Lead Investors: Fidelity
- Motivation: To provide liquidity to early investors and employees.
Series C
- Amount Raised: $1.1B
- Date: May 2024
- Lead Investors: Coatue
- Motivation: To expand global operations and invest in R&D.
Debt Financing
- Amount Raised: $7.5B
- Date: May 2024
- Lead Investors: Blackstone Group, Magnetar Capital
- Motivation: To fund large-scale infrastructure and technology advancements.
Debt Financing
- Amount Raised: $650M
- Date: October 2024
- Lead Investors: Goldman Sachs, JP Morgan Chase, Morgan Stanley
- Motivation: To support financial stability and future growth initiatives.
Secondary Market
- Amount Raised: $650M
- Date: November 2024
- Lead Investors: Fidelity, Jane Street Capital, Macquarie Capital, Magnetar Capital
- Motivation: To provide liquidity and prepare for an IPO.
Venture Round
- Amount Raised: $10M
- Date: March 2025
- Lead Investors: Stack Capital
- Motivation: To support ongoing operations and strategic initiatives.

Total Funding Raised: $13.4 Billion

Current Valuation: $23 Billion (as of Mar 2025)

Latest Funding Date: October 2024

Key Investors

1. Fidelity Investments

Details: Global investment firm supporting innovative technology and infrastructure companies.
Investment Focus Areas: AI infrastructure, cloud computing, enterprise software.
Notable Investments: CoreWeave, Anthropic, Databricks.

2. Karmel Capital

Details: Venture capital firm focused on high-growth technology startups.
Investment Focus Areas: HPC, cloud computing, AI-native platforms.
Notable Investments: CoreWeave, Anaplan, Algolia, BigID, Algolia, Docker..

3. Magnetar

Details: Investment firm that led CoreWeave’s Series B round.
Investment Focus Areas: Technology infrastructure, AI platforms, financial services.
Notable Investments: Cohere, TensorWave, Torus, Evolv Technology.

Where Is CoreWeave’s Headquarters?

CoreWeave is headquartered in Livingston, New Jersey, giving it access to top technical talent, strategic investors, and enterprise clients in the AI and HPC ecosystem.

What’s Next for CoreWeave?

Following its $650 million debt raise, CoreWeave aims to expand its GPU and CPU cloud services, enhance managed AI infrastructure, and scale HPC solutions for AI research and enterprise applications.

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