CoreWeave

Overview

CoreWeave is a GPU cloud provider founded in 2017[2][8] that offers cloud AI infrastructure services[3]. The company's product offerings include GPU Compute, CPU Compute, Bare Metal Servers, storage and networking services, along with the CoreWeave Kubernetes Service, Fleet and Node LifeCycle Controllers, Tensorizer, Observability and Mission Control[4]. CoreWeave counts OpenAI, Mistral AI, IBM, Jane Street, NovelAI, MasterClass, Hudson River Trading and IMC among its customers[5]. In November 2025, CoreWeave signed a $1.17 billion commercial partnership with New York City-headquartered VAST Data, making VAST's AI Operating System the primary data foundation for CoreWeave's infrastructure[1]. As of 2025, CoreWeave operated 32 data centers across the US and Europe with approximately 250,000 GPUs and employed roughly 2,189 people[10][11]. Gartner recognized CoreWeave as a Visionary in the 2026 Magic Quadrant for Cloud AI Infrastructure[7].

CoreWeave's product set on its About Us page includes GPU Compute, CPU Compute, Bare Metal Servers, storage and networking services, the CoreWeave Kubernetes Service, Fleet and Node LifeCycle Controllers, Tensorizer, Observability and Mission Control. [4]

CoreWeave was founded on September 21, 2017 in New Jersey as Atlantic Crypto by Michael Intrator, Brian Venturo, Brannin McBee and Peter Salanki. [8]

Customers

CoreWeave names OpenAI, Mistral AI, IBM, Jane Street, NovelAI, MasterClass, Hudson River Trading and IMC as customers. [5]

Growth & traction

CoreWeave publishes customer results including Mistral AI cutting training time in half for open-source reasoning models, IBM accelerating AI workloads by up to 80%, and NovelAI achieving 3x faster request serving with 75% cloud cost savings. [6]

CoreWeave reported 2025 revenue of $5.13 billion with a $1.2 billion net loss, and operated 32 data centers across the US and Europe with about 250,000 GPUs in 2025. [10]

CoreWeave employed approximately 2,189 people as of 2025. [11]

Funding history

CoreWeave raised $100 million from Nvidia in April 2023, a $2.3 billion debt facility led by Magnetar Capital and Blackstone in August 2023, and $1.1 billion led by Coatue Management in May 2024 at a $19 billion valuation; it IPO'd on Nasdaq in March 2025 under ticker CRWV raising $1.5 billion, and took a further $2 billion from Nvidia in January 2026 at $87.20 per share. [9]