CoreWeave secures $2.3B debt financing for its GPU cloud
CoreWeave, a specialized cloud provider built for large-scale GPU-accelerated workloads, secured $2.3 billion in debt financing led by Blackstone and Magnetar with participation from Coatue, DigitalBridge, BlackRock, PIMCO, Carlyle and Great Elm.
The company says the debt facility provides the financial headroom and flexibility to scale and to continue acquiring cutting edge technology.
Coreweave recently announced a new $1.6 billion data center in Texas, its first facility in the state.
Last month, CoreWeave reported record-breaking performance results on the MLPerf benchmark.
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Editorial responsibility
Jim Carroll
Editor & Publisher
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Data Centers. A name from the archive that helped shape it:
Data General built Nova and Eclipse minicomputers, AViiON servers and CLARiiON storage systems. What became of it?
Data General brought Nova and Eclipse minicomputers, AViiON servers and CLARiiON storage systems to Data Centers. That work was distinctive enough to lead to its acquisition by EMC for US$1.1B. The standalone name now passes into the archive — but the team and technology continue inside EMC today. One of 430 names here whose work outlived the company.
