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About CoreWeave
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
IPO
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, operating on a pay-as-you-go model. This flexibility is beneficial for various clients, including tech companies, film studios, and enterprises needing data processing solutions. CoreWeave uses a fully managed, bare metal serverless Kubernetes platform, which enhances performance while minimizing operational burdens for clients. Unlike many competitors, CoreWeave offers a wide selection of NVIDIA GPUs, enabling clients to optimize performance and costs for their specific needs. The company's goal is to provide scalable and efficient computing resources to meet the growing demands of industries reliant on high-performance computing.
Simplify's Take
What believers are saying
- CoreWeave set a new AI inference benchmark with NVIDIA GB200 Grace Blackwell Superchips.
- OpenAI invested $12 billion in CoreWeave, highlighting strong industry confidence.
- The NJ AI Hub partnership positions CoreWeave as a leader in AI innovation.
What critics are saying
- CoreWeave's IPO was priced lower than expected, raising financial health concerns.
- Analysts doubt CoreWeave's long-term sustainability due to reliance on key customers.
- High debt levels may impact CoreWeave's ability to invest in growth and innovation.
What makes CoreWeave unique
- CoreWeave specializes in GPU-accelerated workloads for AI, ML, and VFX rendering.
- Their infrastructure uses bare metal serverless Kubernetes for high performance and reduced DevOps burden.
- CoreWeave offers a flexible pay-as-you-go pricing model, attracting diverse industry clients.
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Funding
Total Funding
$14913M
Above
Industry Average
Funded Over
6 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
↑ 0%1 year growth
↑ 6%2 year growth
↑ 8%CoreWeave is the first cloud service provider to submit MLPerf Inference v5.0 results for NVIDIA GB200 Superchips. LIVINGSTON, N.J., April 2, 2025 /PRNewswire/ -- CoreWeave, the AI Hyperscaler™, today announced its MLPerf v5.0 results, setting a new industry benchmark in AI inference with NVIDIA GB200 Grace Blackwell Superchips. Using a CoreWeave instance with NVIDIA GB200, featuring two NVIDIA Grace CPUs and four NVIDIA Blackwell GPUs, CoreWeave delivered 800 tokens per second (TPS) on the Llama 3.1 405B model1—one of the largest open-source models. "CoreWeave is committed to delivering cutting-edge infrastructure optimized for large-model inference through our purpose-built cloud platform," said Peter Salanki, Chief Technology Officer at CoreWeave. "These benchmark MLPerf results reinforce CoreWeave's position as a preferred cloud provider for leading AI labs and enterprises."
The 'AI economy is currently a closed loop' - and that's probably why OpenAI, not Microsoft, invested a whopping $12bn in CoreWeave.
AI infrastructure company CoreWeave has secured $1.5 billion in its initial public offering, achieving a valuation of approximately $23 billion, according to Bloomberg reports on Thursday.
CoreWeave's IPO was priced at $40 per share, lower than the expected $47-$55 range, raising $1.5 billion and valuing the company at $19 billion. The offering was reduced to 37.5 million shares. Despite attracting Nvidia as a major investor, concerns about CoreWeave's reliance on key customers, high debt, and cash burn persist. Analysts are skeptical about its long-term sustainability, with 90% of surveyed investors doubting its "sustainable moat." The IPO is a key test for the tech market's appetite for new offerings.
CoreWeave is Hiring for 103 Jobs on Simplify!
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IT & Security
13 Open Roles
Software Engineering
11 Open Roles
DevOps & Infrastructure
11 Open Roles
Data & Analytics
5 Open Roles
Engineering Management
4 Open Roles
AI & Machine Learning
2 Open Roles
QA & Testing
1 Open Roles
Sales & Solution Engineering
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Architecture & Civil Engineering
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Electrical Engineering
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About CoreWeave
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2017
CoreWeave is Hiring for 103 Jobs on Simplify!
Find jobs on Simplify and start your career today
IT & Security
13 Open Roles
Software Engineering
11 Open Roles
DevOps & Infrastructure
11 Open Roles
Data & Analytics
5 Open Roles
Engineering Management
4 Open Roles
AI & Machine Learning
2 Open Roles
QA & Testing
1 Open Roles
Sales & Solution Engineering
1 Open Roles
Architecture & Civil Engineering
1 Open Roles
Electrical Engineering
1 Open Roles
People Also Viewed
Discover companies similar to CoreWeave