CoreWeave Company Profile and Funding, Net Worth, Wikipedia, Earning, Careers, IPO, Stock, Valuation, Crypto and more

By Michelle Singletary Saturday, February 22, 2025

CoreWeave Company Profile and Funding, Net Worth, Wikipedia, Earning, Careers, IPO, Stock, Valuation, Crypto and more are discussed here.

CoreWeave Company Profile and Funding

CoreWeave is an AI hyperscaler that delivers a cloud platform managing complexity through automation, and making supercomputing accessible.

CoreWeave Wikipedia

CoreWeave, Inc. is an American cloud-computing startup based in Roseland, New Jersey, that specializes in providing cloud-based graphics processing unit (GPU) infrastructure to artificial intelligence developers.

The company was founded in 2017 by three commodities traders—Michael Intrator, Brian Venturo, and Brannin McBee—originally as a cryptocurrency company mining ethereum using GPUs, when it was known as Atlantic Crypto. In the wake of the 2018 cryptocurrency crash, the company was renamed CoreWeave in 2019, pivoting to providing its computing resources to companies that needed them by leveraging its large inventory of GPUs.

CoreWeave Net Worth

Bloomberg reported in November 2024 that CoreWeave plans to launch an initial public offering in 2025. In the same month, CoreWeave closed a $650 million secondary share sale, raising the company's valuation to $23 billion.

IPO

CoreWeave has reportedly been preparing for an IPO in 2025, including by selecting investment banks to lead the public offering. However, no definitive plans have been announced.

What does CoreWeave do?

The CoreWeave Cloud Platform simplifies the complexity of engineering, assembling, running, and monitoring state-of-the-art infrastructure at a massive scale to deliver cutting-edge performance and efficiency for AI workloads. Help unleash the full potential of your AI innovations with CoreWeave.

Who is the CEO of CoreWeave?

Michael Intrator, Chief Executive Officer of CoreWeave Inc.

Is CoreWeave a good company to work for? CoreWeave has an overall rating of 4.3 out of 5, based on over 43 reviews left anonymously by employees. 80% of employees would recommend working at CoreWeave to a friend and 91% have a positive outlook for the business.

CoreWeave is headquartered in Roseland, New Jersey, USA and has 6 office locations. Employees engage in a combination of remote and on-site work.

Legacy providers are not designed to handle the advanced workloads that the AI/ML, tech, entertainment, and life sciences sectors, are increasingly demanding. Because of its specialization, CoreWeave claims it can provide its service up to 35x faster and 80% less expensive than legacy providers.