AI infrastructure startup CoreWeave secures $7.5 billion in debt financing for expanding cloud data centers.
AI infrastructure startup CoreWeave secures $7.5 billion in debt financing, led by Blackstone, for expanding cloud data centers. Backed by Nvidia, CoreWeave aims to increase its data center presence to 28 by year's end, with the funds also helping to invest in servers, networking equipment, and cabinets. The company recently announced a $1.1 billion equity funding round, valuing it at $19 billion.
May 17, 2024
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