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Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network
To bolster their technical chops, they hired Chen Goldberg from Google Cloud as CoreWeave’s senior vice president of engineering. With a cache of hard-to-get Nvidia GPUs, CoreWeave has enjoyed eye-popping revenue growth: $1.9 billion in 2024, nearly an eightfold increase from just $228,943 in 2023. But people are eager to back any company generating loads of revenue on AI at the moment, and CoreWeave is definitely doing that.
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