CoreWeave, a GPU-targeted cloud compute service provider, lands $221M expense

CoreWeave, an NYC-based mostly startup that started as an Ethereum mining venture, has secured a huge tranche of funding as it continues to changeover to a general-reason cloud computing system.

CoreWeave today announced that it elevated $221 million in a Series B funding round led by Magnetar Money with participation from Nvidia, previous GitHub CEO Nat Friedman and ex-Apple exec Daniel Gross. Magnetar contributed $111 million, with the remainder of the financial commitment being split among Nvidia, Friedman and Gross. An Nvidia spokesperson said that the expense represents a “deepening” of its partnership with CoreWeave.

The tranche, which values

Read More