Nvidia-backed startup CoreWeave secured a $650 million credit line to expand its data centers. CoreWeave raised over $12 billion over the past eighteen months in equity and debt financing. The nearly $1 billion round in May valued the company at $19 billion. By the end of 2024, it plans to operate twenty-eight data centers globally, with ten more scheduled for 2025. CoreWeave provides GPUs to firms like Microsoft and Mistral. Goldman Sachs, JPMorgan Chase, and Morgan Stanley led the financing.
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00:00It's Benzinga, and here's what's on the block.
00:03NVIDIA-backed startup CoreWeave secured a $650 million credit line to expand its data
00:08centers.
00:09CoreWeave raised over $12 billion over the past 18 months in equity and debt financing.
00:15The nearly $1 billion round in May valued the company at $19 billion.
00:20By the end of 2024, it plans to operate 28 data centers globally, with 10 more scheduled
00:25for 2025.
00:26CoreWeave provides GPUs to firms like Microsoft and Mistral.
00:30Goldman Sachs, JPMorgan Chase, and Morgan Stanley led the financing.
00:34For all things money, visit Benzinga.com.