CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.
CoreWeave's valuation has jumped to $19 billion from $7 billion months ago, a person familiar with the matter said.
The startup wants to set up data center infrastructure in more locations throughout the world as it looks to compete with some of the largest technology companies. CoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment values the company at $19 billion, up from $7 billion months ago, a person familiar with the matter said., the chief supplier of GPUs for training and running artificial intelligence models, has been working to address a supply shortage.Nvidia is a CoreWeave investor.
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