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CoreWeave Is in Talks for Funding at $16 Billion Valuation
CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, is in talks to raise equity capital in a transaction that would more than double its valuation to $16 billion, according to people with knowledge of the matter.
CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, is in talks to raise equity capital in a transaction that would more than double its valuation to $16 billion, according to people with knowledge of the matter. The Roseland, New Jersey-based company, led by CEO Michael Intrator, is discussing selling both new and existing shares, and employees may tender some of their holdings, said the people, who asked not to be identified discussing confidential information. Terms haven’t been finalized and could still change, one of the people cautioned.
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