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About CoreWeave
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Private
Total Funding
$1.6B
Headquarters
New York City, New York
Founded
2017
Overview
CoreWeave provides cloud computing services that focus on GPU-accelerated workloads, which are essential for tasks requiring high computational power like Generative AI, Machine Learning, and VFX rendering. Their services allow clients to access powerful computing resources without needing to invest in expensive hardware, as they operate on a pay-as-you-go model. CoreWeave's infrastructure is built on a bare metal serverless Kubernetes platform, which enhances performance while minimizing operational complexity for clients. This setup is particularly beneficial for tech companies, film studios, and enterprises that need scalable and efficient computing solutions. CoreWeave differentiates itself by offering a wide range of NVIDIA GPUs, enabling clients to optimize performance and costs based on their specific needs. The company's goal is to provide flexible and scalable computing resources that meet the growing demands of industries reliant on high-performance computing.
Simplify's Take
What believers are saying
- CoreWeave is preparing for a $4 billion IPO, indicating strong market confidence.
- The rise of generative AI applications boosts demand for CoreWeave's GPU cloud services.
- CoreWeave's expertise in AI and blockchain opens new opportunities for specialized solutions.
What critics are saying
- Increased competition from Lambda Labs and Run:AI in GPU-accelerated workloads.
- Potential environmental backlash due to high energy consumption of data centers.
- Volatility in the cryptocurrency market could impact CoreWeave's revenue.
What makes CoreWeave unique
- CoreWeave specializes in GPU-accelerated workloads for AI, ML, and VFX rendering.
- Their infrastructure uses a bare metal serverless Kubernetes platform for high performance.
- CoreWeave offers a broad selection of NVIDIA GPUs for optimized performance and cost.
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Funding
Total Funding
$1625.4M
Above
Industry Average
Funded Over
5 Rounds
Coatue ManagementBenefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Tuition Reimbursement
Mental Health Support
Family Planning Benefits
Paid Parental Leave
Hybrid Work Options
401(k) Company Match
Unlimited Paid Time Off
Catered lunch each day in our office and data center locations
A casual work environment
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 4%2 year growth
↑ 7%CoreWeave today announced Jim Higgins has been appointed as the company's new Chief Information Security Officer (CISO).
CoreWeave today announced Jim Higgins has been appointed as the company’s new Chief Information Security Officer (CISO). With extensive experience in cybersecurity, regulatory compliance, and enterprise risk management, Higgins will oversee the company’s security strategy, governance, and infrastructure protection across the CoreWeave Cloud Platform.This strategic hire reinforces CoreWeave’s commitment to enterprise-grade security solutions that leading organizations can rely on to confidently scale their AI operations.Higgins was most recently CISO for Snap Inc., a global tech company most known for its social media platform Snapchat. Before Snap, Higgins was CISO at Block, Inc. and held senior leadership positions in information security and threat protection at Google and other Fortune 100 entities. He currently serves as a senior cybersecurity advisor for American University and has been an advisor to several U.S. government agencies.“I am excited to join the leadership team at CoreWeave to help keep the company and our customers more than one step ahead of the information security curve,” said Jim Higgins, Chief Information Security Officer at CoreWeave
CoreWeave is reportedly preparing for a U.S. IPO to raise around $4 billion, targeting a valuation over $35 billion. This follows increased IPO activity among crypto and blockchain firms. CoreWeave, alongside Core Scientific, announced a $1.2 billion data center expansion in Texas, highlighting the convergence of AI, cloud computing, and crypto mining. The IPO could be a significant event in the AI and cloud sector, reflecting market sentiment toward AI-driven cloud services.
Meanwhile, CoreWeave is spending an additional $1.2 billion to acquire 70MW of data center space from Core Scientific in Denton, Texas.
Artificial Intelligence has been around since the 1950s. In 1956, Dartmouth College mathematics professor John McCarthy invited a small group of researchers from various disciplines to participate in a summer-long workshop focused on investigating the possibility of “thinking machines.”. Sixty-eight years later, ChatGPT was launched, and Gen AI became the craze
CoreWeave is Hiring for 90 Jobs on Simplify!
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About CoreWeave
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Private
Total Funding
$1.6B
Headquarters
New York City, New York
Founded
2017
CoreWeave is Hiring for 90 Jobs on Simplify!
Find jobs on Simplify and start your career today