CoreWeave Receives $7.5 Billion in Debt Financing


CoreWeave, a Roseland, NJ-based provider of customized solutions for high-performance workloads, has secured $7.5 billion in debt financing. The financing facility was led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Additional participants include Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.

The company plans to use the funds to further develop its fleet of high-performance computing resources to execute existing contracts with leading enterprise customers and AI innovators. This substantial investment will enable CoreWeave to scale its infrastructure to meet the growing demand for advanced computing capabilities.

Founded in 2017 and led by CEO Michael Intrator, CoreWeave is an AI scaler designed to handle the most complex workloads with customized solutions at scale. The company’s technology portfolio offers a wide range of capabilities, including machine learning and AI, graphics and rendering, life sciences, and real-time streaming. CoreWeave operates a network of data centers across every region of the United States, providing extensive coverage and support for its clients’ needs.

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