Issue #2: CoreWeave's Christmas Company Profile

Why spend hours chasing fragmented GPU cloud insights when you can unwrap them here in one place?

There is a lack of collated and curated information about GPU cloud platforms and adjacent companies. It is scattered and fragmented, often more noise than signal. That’s where these profiles come in. Each issue will serve the insights that matter for a single neo-cloud, AI-cloud company, enabler, or otherwise.

Who they are, what they do, and why they matter.

All in one place.

Why am I doing this on Christmas Day? Nothing says “holiday cheer” like unravelling the mysteries of GPU infrastructure. Some people bake cookies. I bake clarity.

First up: CoreWeave.

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Company Background

CoreWeave started as a cryptocurrency mining operation in 2017 in Roseland, New Jersey. But they quickly spotted the bigger opportunity: GPU compute.

Fast-forward to today, and they’ve become one of the most talked-about names in the AI cloud space. With 14 data centres already online (and plans to hit 28 by the end of 2024), they’re building infrastructure purpose-built for high-performance computing, AI, and machine learning.

Their mission is simple:

To power the intelligence driving innovation.

However, behind that mission is a strong company culture. Curiosity. Ownership. Commitment. Coreweave strives for more than just good service:

They’re obsessed with creating exceptional client experiences.

Executive Team

• Michael Intrator (CEO): The driving force behind CoreWeave’s evolution from crypto to AI-first cloud.

• Brian Venturo (Chief Strategy Officer): Former CTO and the tech mind making sure CoreWeave’s infrastructure stays ahead of the pack.

• Brannin McBee (CDO): Charting the company’s strategic course as they scale globally.

• Evan Meagher (CFO): The entrepreneurial financial hand guiding the spending decision of the AI Hyperscaler.

The Edge

CoreWeave’s infrastructure is purpose-built for AI, giving them a clear advantage over traditional cloud providers:

• Tailored for AI at Scale: Designed to handle NVIDIA Blackwell-powered mega-clusters, their data centres can accommodate racks with up to 130kW of power, far beyond the limits of legacy designs.

• Liquid Cooling First: CoreWeave can manage high-density workloads sustainably and efficiently with liquid cooling in their newest facilities.

• Cutting-Edge Networking: Leveraging NVIDIA Quantum-2 InfiniBand networks for ultra-fast interconnects, CoreWeave ensures high performance across even the largest clusters.

• Custom Design and Security: Partnering with vendors and working hands-on with engineers, CoreWeave builds facilities specifically for AI workloads while maintaining strict data security protocols.

• Massive GPU Portfolio: CoreWeave offers one of the most comprehensive selections of NVIDIA GPUs, ready to meet burstable compute needs for enterprises of any size.

Recent Moves

• $2.2B European Expansion: CoreWeave announced plans to open three new data centres in Norway, Sweden, and Spain by the end of 2025. Their $1.3B investment in the UK brings their total European investment to $3.5B. These new centres will run entirely on renewable energy and bring NVIDIA Blackwell GPUs and Quantum-2 InfiniBand networking to the region at scale.

• $650M Funding Round: Closed a minority investment round to fund their global expansion, bringing their valuation to $23B.

• $1.2B New Jersey Facility: CoreWeave’s most significant U.S. investment is designed to serve AI enterprises with liquid cooling and advanced GPU infrastructure.

• IPO Plans: Set for 2025, with insiders predicting a $35B+ valuation.

• Time 100 Recognition: Named one of TIME’s 100 most influential companies of 2024, highlighting their role in shaping AI infrastructure.

Check out the CoreWeave Newsroom here for further updates:

What’s Next?

CoreWeave has rapidly evolved from a crypto mining operation to a $23B AI-first cloud powerhouse.

With purpose-built data centres, liquid cooling, and the largest NVIDIA GPU fleet available, they’re setting new standards for AI infrastructure. Their bold moves, including a $2.2B European expansion and plans for a 2025 IPO, position them as a critical player in shaping the next era of compute. I’ll also keep updating this profile as we move forward, so think of it as a living document.

As we wrap up this edition of The GPU and settle into Christmas Day, let’s take a moment to appreciate the innovation driving industries like AI forward.

Here’s to a future filled with powerful ideas, smarter technology, and, hopefully, some well-earned downtime for everyone.

Merry Christmas, and here’s to an exceptional year ahead!

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