C

CoreWeave

Rents GPU cloud computing for AI developers

Principal Engineer - Distributed Systems

Full-Time
$227k - $303k/yr+ Discretionary bonus + Equity awards
Expert
New York, NY, USA+1 moreMore locations: Sunnyvale, CA, USA
In PersonThis position requires working on-site in Sunnyvale or New York; remote work is not available.
Software EngineeringBackend Engineering

About the job

Requirements
  • 12+ years of experience designing and building production software, including substantial experience with distributed systems and platform infrastructure.
  • A track record of serving as a principal, staff-plus, distinguished, or equivalent technical leader across multiple teams or a broad technical domain.
  • Deep expertise in distributed-systems design, including scalability, availability, latency, consistency, concurrency, partition tolerance, caching, replication, and failure recovery.
  • Experience designing and operating security-sensitive or reliability-critical services in production.
  • Strong software engineering experience with one or more systems languages or backend ecosystems, such as Go, Java, Rust, C++, Python, or equivalent.
  • Demonstrated ability to move from ambiguous requirements to clear architecture, sequenced execution plans, and durable engineering outcomes.
  • Experience making architecture decisions that balance security, correctness, performance, operational simplicity, and time to value.
  • Strong written and verbal communication skills, including the ability to influence without direct authority and build alignment across organizational boundaries.
  • A track record of improving engineering standards, mentoring senior engineers, and helping teams deliver complex systems safely.
  • The applicant must satisfy the applicable U.S. export-control eligibility requirements for access to export-controlled information.
Responsibilities
  • Establish architectural approaches for distributed systems and multi-region operation, including service placement, failover, replication, traffic management, disaster recovery, and regional independence.
  • Drive decisions around consistency models, caching, invalidation, propagation, revocation, idempotency, concurrency, and ordering where correctness and security are critical.
  • Design for data residency, tenant isolation, trust boundaries, blast-radius reduction, and controlled handling of sensitive security data.
  • Define fault-tolerance strategies for dependencies, networks, regions, storage systems, and control-plane components, including graceful degradation and safe recovery.
  • Design systems that meet four-nines availability goals while maintaining predictable low latency and high throughput under normal operation, traffic spikes, and partial failures.
  • Improve the reliability and operability of critical services through SLOs, error budgets, metrics, logs, traces, audit events, alerting, incident response, and post-incident learning.
  • Guide teams through architecture reviews, design reviews, implementation tradeoffs, capacity planning, load testing, performance analysis, and production readiness assessments.
  • Mentor senior and staff engineers, develop technical talent, and raise the quality of engineering practice across the organization.
  • Communicate architecture, tradeoffs, risks, and recommendations clearly to technical and executive audiences.
  • Lead the design of high-scale authorization systems supporting policy authoring, policy evaluation, access-control enforcement, auditability, and integration across services and tenants.
  • Provide technical direction for a Security Token Service, including token issuance, validation, lifecycle management, trust relationships, key rotation, revocation, and secure service-to-service access.
  • Guide the design and implementation of an API Authentication Gateway providing consistent, secure, observable authentication and authorization for CoreWeave APIs.
  • Set technical standards for API design, service contracts, threat modeling, cryptographic key management, secrets handling, observability, and operational readiness.
  • Partner with service teams to enable adoption of authorization and authentication capabilities through clear interfaces, software development kits, reference implementations, documentation, and reliable integration patterns.
  • Establish a technical north star for Security Products’ authorization, authentication, and security-infrastructure capabilities.
  • Advance the architecture and delivery plan for high-scale authorization systems, the Security Token Service, and the API Authentication Gateway.
  • Improve the reliability, performance, observability, and operational maturity of critical security services against four-nines availability goals.
  • Help teams make durable decisions about multi-region design, data consistency, data residency, tenant isolation, fault tolerance, and security boundaries.
  • Reduce duplicated access-control and authentication patterns by enabling consistent, documented platform capabilities.
  • Raise the quality of architecture reviews, threat modeling, performance testing, capacity planning, and production readiness across Security Products.
Desired Qualifications
  • Experience designing and implementing authorization systems at high scale, including policy engines, permission models, policy distribution, decision services, enforcement points, or authorization observability.
  • Experience designing or operating a Security Token Service, identity platform, credential service, or comparable security-critical control plane.
  • Experience designing or operating an API Authentication Gateway, service-mesh authorization layer, or centralized authentication and authorization platform.
  • Experience operating systems with four-nines availability requirements, high request volume, strict latency objectives, and demanding reliability expectations.
  • Experience with multi-region architecture, regional failover, active-active or active-passive operation, replication, disaster recovery, and regional isolation.
  • Experience reasoning about strong, eventual, and bounded-staleness consistency models, especially for security policy, credentials, tokens, permissions, and revocation.
  • Experience designing for data residency, regional data controls, tenant isolation, trust-domain separation, and compliance-sensitive deployment models.
  • Experience building systems that remain secure and useful during dependency failures, network partitions, regional outages, stale data, degraded capacity, or partial compromise.
  • Experience with authentication and identity standards such as OAuth 2.0, OpenID Connect, SAML, SCIM, JWT, mTLS, SPIFFE/SPIRE, or related protocols.
  • Experience with cryptography, key management, HSMs, secrets management, certificate authorities, signing keys, token validation, or secure credential lifecycle management.
  • Experience with Kubernetes, cloud infrastructure, service networking, distributed storage, messaging systems, and multi-cluster operations.
  • Experience building security and platform services with strong observability, including metrics, logs, traces, audit records, security events, and actionable alerting.
  • Experience working with enterprise customers, regulated workloads, or hybrid and multi-cloud environments.

About the company

CoreWeave rents cloud computing to AI labs and businesses that train models and run them in production for research and commercial applications. Its platform combines NVIDIA graphics chips, storage, networking, and software built for demanding AI workloads across connected clusters scaled to fit each project. CoreWeave Forge connects tools for tracking experiments, testing models, and improving AI systems using feedback from production. Customers rent computing capacity through committed contracts or usage charges, while managed services handle the infrastructure needed to keep large workloads running. CoreWeave was founded in 2017 and is headquartered in Livingston, New Jersey.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Livingston, New Jersey

Founded

2017

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Simplify's Take

What believers are saying

  • Demand is compounding: August 2026 results showed CoreWeave quarterly revenue more than doubled to $2.58 billion.
  • Contracts support expansion: CoreWeave reported $104 billion of June 2026 backlog, subject to service delivery.
  • Eligible U.S. employees buy discounted equity: CoreWeave's purchase plan prices shares 15% below the lower opening or closing price.

What critics are saying

  • Customer losses threaten stability: three buyers supplied 72% of CoreWeave's Q2 2026 revenue.
  • Borrowing consumes revenue: CoreWeave's net interest expense reached $640 million in Q2 2026, reported in August 2026.
  • Afton technicians face urgent callouts: CoreWeave requires onsite emergency response within 60 minutes during scheduled on-call shifts.

What makes CoreWeave unique

  • Hardware access stays direct: CoreWeave runs Kubernetes on bare metal, without a virtualization layer.
  • Support skips nontechnical handoffs: CoreWeave says customers reach engineers cross-trained across its stack directly.
  • Top AI labs use CoreWeave: the company says nine of ten leading foundation model providers rely on its cloud.

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Benefits

  • 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

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-2%

2 year growth

-2%
Yahoo Finance
Oct 20th, 2026
CoreWeave shares fall 24% in a week as 15% debt yields and Fed rate hikes spark bubble fears

CoreWeave shares have fallen 24% in a week to their lowest level since the company's IPO last March. The drop followed a chart posted on X by venture investor Chamath Palihapitiya showing yields on the neocloud operator's debt have climbed as high as 15%. Rising rates hit CoreWeave hard. Fed Chair Kevin Warsh, who took over in May, is fighting inflation that has stayed above the 2% target for five years, and the Fed raised rates at its last meeting. Most of CoreWeave's debt is floating-rate, and it spends roughly a quarter of its revenue on debt service. Demand is strong. Second-quarter revenue rose 112% to $2.58 billion, and backlog stood at $104 billion at the end of June. But the company posted a net loss of $626 million, and it has $10.6 billion of debt due by the end of next year. Earnings are due November 11.

Yahoo Finance
Oct 19th, 2026
Cathie Wood buys CoreWeave despite $52B debt, calling AI fears no sign of a bubble

Cathie Wood's ARK Invest bought CoreWeave (CRWV) shares during a selloff, saying market fear shows AI is not in a bubble. Speaking in Seoul on October 16, 2026, she said the industry is "still in the parking lot before we entered the baseball game." CoreWeave shares are down 23.44% over the past week. The company's second-quarter revenue rose 112.3% to $2.575 billion, and its contracted backlog is near $104 billion. Goldman Sachs upgraded the stock to Buy. Debt is the concern. CoreWeave carries $51.608 billion in total debt, and its free cash flow was -$5.74 billion in the quarter. Its bonds have fallen into distressed territory, and the cost of insuring against default hit a record.

Yahoo Finance
Oct 18th, 2026
CoreWeave bond yields hit 16%, raising default fears for Nvidia's $2B neocloud bet

CoreWeave's stock fell after venture capitalist Chamath Palihapitiya shared a chart showing its bonds due in 2032 hit a 15% yield. The bonds, issued in June, carry a 9.625% coupon. Reuters reported that its 9.75% notes due in 2031 topped a 16% yield. Rising yields suggest the market sees a higher risk of default at the neocloud company, which Nvidia backs. Nvidia invested $2 billion each in CoreWeave and Nebius this year, and agreed to buy CoreWeave's unused capacity through 2032. CoreWeave says its $104 billion backlog of contracted revenue covers its debt. Nvidia also plans to finance up to $500 billion in AI build-outs, though banking partners have questioned the residual value of its GPUs. Nvidia trades at 23 times forward earnings.

Yahoo Finance
Oct 18th, 2026
CoreWeave's 15% bond yield is its own problem, not a neocloud one, as Nebius and Iren stay stronger

Yields on some CoreWeave bonds maturing in 2032 have reached 15%, raising the cost of funding its AI data centre build-out and rattling neocloud stocks. The yields have surged throughout the year. The article argues this is a CoreWeave problem, not a sector one. CoreWeave leases its data centres, so it owns neither the land nor the power. Rivals Nebius and Iren own both, which keeps costs low and lets them borrow against their facilities. CoreWeave's second-quarter revenue more than doubled to $2.58 billion, but it holds $5.5 billion in cash against $20.9 billion in current liabilities. It paid $640 million in interest in the quarter and has $10.6 billion in debt due by the end of 2027. Its current ratio is 0.46, against 3.08 for Nebius and 3.55 for Iren.

Asianet News
Oct 16th, 2026
Why did CRWV, OPEN, SOFI stocks tumble to 52-week lows today?

Why did CRWV, OPEN, SOFI stocks tumble to 52-week lows today? Published: Oct 16 2026, 10:05 AM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Investors grew cautious about rising borrowing costs, a weak housing market and slowing profit growth. * CoreWeave shares hit a 52-week low of $59.51 on worries about high borrowing costs. * Opendoor faced pressure from weak U.S. home sales and high mortgage rates. * SoFi's slowing profit growth dampened sentiment. CoreWeave Inc. (CRWV), Opendoor Technologies (OPEN) and SoFi Technologies (SOFI) hit fresh 52-week lows on Thursday as rising debt costs, a sluggish housing market and mounting profit pressures rattled investors. Despite Wall Street's defense of CoreWeave's AI demand outlook, concerns over financing costs and earnings growth weighed on the three stocks. CoreWeave, SoFi, and Opendoor all pared their losses and ended the session 5%, 6%, and 16% higher, respectively. Debt concerns shake CoreWeave's AI growth story. CoreWeave stock fell to an annual low of $59.51 as investors grew uneasy about $850 million in unsecured debt, with yields approaching 15%. Higher financing costs raised questions about whether the company's expansion plans could deliver attractive returns. Some analysts, however, argued that the market reaction overlooked the company's commercial abilities. Cantor Fitzgerald maintained an "Overweight' rating and a $176 price target, describing the negative narrative as excessive. The firm pointed to strong demand for CoreWeave's computing capacity in 2027. Jefferies also retained its 'Buy' rating, with a $150 target. The firm said CoreWeave's short-duration contracts, valued at roughly $40 million per megawatt, could help offset more expensive funding. On Stocktwits, retail sentiment around the stock remained 'bullish'. Housing slump adds pressure on Opendoor. Opendoor stock slumped to a new yearly low of $1.9 as fewer homes sold in the U.S. Pending home sales fell to their lowest level in 12 years, while 30-year mortgage rates climbed to 7.40% for the week ending Oct. 8, making home loans more expensive for buyers. With fewer homes selling, Opendoor faces greater challenges buying and reselling properties. The company must cover the costs of holding homes for longer while earning less profit from the difference between buying and selling prices. Retail sentiment around the stock remained 'bearish'. SoFi faces questions about earnings quality. SoFi stock fell to a 52-week low of $13.86, reflecting concerns that rising revenue was not translating into earnings growth at the same pace. The company reported second-quarter revenue of $1.22 billion and raised its full-year revenue outlook to $4.75 billion - $4.85 billion. However, its adjusted earnings-per-share outlook remained around $0.60 as increased marketing investment and customer acquisition costs weighed on profit. Last week, Keefe Bruyette lowered its price target for SoFi to $15 from $16 and maintained an 'Underperform' rating. The firm expects rising interest rates and SoFi's growing balance sheet to create more than $1 billion in pressure this quarter, forcing the company to issue more loans while reducing its available capital. Retail sentiment around the stock turned 'neutral' from 'bullish'. So far this year, CRWV, OPEN and SOFI stocks have declined between 2% and 60%. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New