CoreWeave secures $650M credit line for IPO preparedness, backed by JPMorgan & Goldman Sachs.

CoreWeave, a cloud services startup backed by Nvidia, has secured a $650 million credit line from investment firms led by JPMorgan Chase and Goldman Sachs. This funding aims to enhance the company's financial flexibility as it gears up for an initial public offering (IPO). Over the past 18 months, CoreWeave has raised $12.7 billion through equity and debt financing, utilizing Nvidia's technology for its high-performance cloud services.

October 11, 2024
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