Former Ethereum miner CoreWeave raises $221M in Series B


On Apr. 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.

The raise was led by Magnetar Capital with contributions from NVIDIA (NASDAQ:NVDA) and rounded out by Nat Friedman and Daniel Gross. In November 2021, CoreWeave secured a $50 million investment from Magnetar Capital.


Leave a Reply

Your email address will not be published. Required fields are marked *