Cointime

Cointime

Download App
iOS & Android
Home / Financing

GPU-focused Cloud Computing Startup CoreWeave Raises $221M in Series B Funding Led

NYC-based cloud computing startup CoreWeave, which began as an Ethereum mining venture, has raised $221m in a Series B funding round led by Magnetar Capital, with participation from Nvidia, former GitHub CEO Nat Friedman and ex-Apple exec Daniel Gross.

The tranche values CoreWeave at $2bn pre-money and will be used to support the company's U.S.-based data centre expansion with the opening of two new centres this year.

CoreWeave provides access to over a dozen SKUs of Nvidia GPUs in the cloud for use cases like AI and machine learning, visual effects and rendering, batch processing and pixel streaming.

Comments

All Comments

Recommended for you

  • Crypto accounting firm H&T completes $10 million in financing

    Harris and Trotter Digital Assets (H&T), a crypto accounting firm that provides comprehensive services to approximately 500 native cryptocurrency clients, has completed a $10 million financing round with Orbs leading and Re7 Capital and Kingsway Capital participating.

  • Liquid staking protocol MilkyWay raises $5 million in funding

    The mobile pledge agreement MilkyWay raised $5 million in seed round financing led by Binance Labs and Polychain Capital. Other investors in this round of financing include Hack VC, Crypto.com Capital, and LongHash Ventures.
  • Cointime精选 ·

    The Goldilocks consensus problem

    Imagine that you wanted to build a sufficiently decentralized Twitter — a social network in which no single person or company is in control. How would you build something like that?
    The Goldilocks consensus problem
  • Cointime精选 ·

    Exploring Runes Protocol

    Memecoins for BTC
    Exploring Runes Protocol

  • LayerZero Ecosystem Full-Chain NFT Protocol Holograph Completes $3 Million New Round of Financing

    LayerZero's full-chain NFT protocol Holograph has announced the completion of a new strategic financing round of $3 million, led by Mechanism Capital and Selini Capital, with participation from Northrock Capital, Arca, Courtside Ventures, and Hartmann Capital from Hal Press. The total amount of financing for the project has reached $11 million. Holograph's full-chain technology allows for the creation of NFT assets that can be used on multiple Ethereum-compatible blockchains. The new funds aim to accelerate its expansion into the growing blockchain gaming market, with a focus on supporting Ethereum-compatible network tokens, including Optimism, Arbitrum, Avalanche, BNB Chain, Base, Mantle, Zora, and Linea.
  • Themis Protocol ·

    Themis new chapter: The old derivative protocol live on Blast L2 and explores a brand new economic

    With the continuous development of blockchain technology, DeFi derivative projects have gradually become the focus of the market.
    Themis new chapter: The old derivative protocol live on Blast L2 and explores a brand new economic

  • Crypto trading ecosystem LazyBear completes strategic financing of 4 million USDT

    The cryptocurrency trading ecosystem LazyBear announced the completion of a strategic financing of 4 million USDT, with participation from Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, REI Network, IBIT, Crypto Bullish, SYNBO Protocol, Bazaars, Sypool, Bitcoin Gbox, GemX Crypto, Wikibit, and others. It is reported that LazyBear is a cryptocurrency trading ecosystem for retail traders, committed to providing users with an industry-leading, low-fee, inclusive, and enjoyable trading experience.

  • Tether Invests $200M in Majority Stake of Brain-Computer Interface Company Blackrock Neurotech

    Tether's venture capital division, Tether Evo, has invested $200 million to acquire a majority stake in Blackrock Neurotech, a company that develops medical devices powered by brain signals to aid those impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the devices and research and development purposes. Tether, the issuer of stablecoin USDT, has recently established four divisions to expand beyond stablecoin issuance and believes in nurturing emerging technologies with transformative capabilities. Paolo Ardoino, CEO of Tether, stated that Blackrock Neurotech's brain-computer-interfaces have the potential to open new realms of communication, rehabilitation, and cognitive enhancement.

  • Turnkey Raises $15M Series A Funding to Expand Wallet Infrastructure for Crypto Developers

    New York-based Turnkey has secured $15m in Series A funding led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures. The company, founded by the team behind Coinbase Custody, offers a wallet infrastructure that enables developers to build anything that involves a wallet or cryptographic transaction. Turnkey plans to use the funds to expand operations and development efforts, and has already integrated with companies including Alchemy, Dynamic, Goldfinch, Halliday, Thunder Terminal, and Kinto. The product suite offers embedded and smart wallet services, biometric passkey logins, and seamless onboarding experiences for users.
  • Cointime精选 ·

    Enshrine AI into EVM

    Axonum enshrines AI into blockchain to build a decentralized supercomputer powered by global collective intelligence.
    Enshrine AI into EVM

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company