AI infrastructure firm CoreWeave (CRWV) has hired Jon Jones, a former Amazon (AMZN) Web Services (AWS) executive, as its first-ever Chief Revenue Officer (CRO), The Information reported. Notably, Jones brings over 20 years of experience in technology, artificial intelligence, and cloud computing. At AWS, he most recently led global startup and venture capital initiatives, and earlier served as VP of go-to-market strategies, where he helped launch and scale AWS services around the world, according to Channel Futures.
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As CRO, Jones will take charge of CoreWeave’s worldwide sales team, which was originally built by Max Hjelm. His job will be to bring sales, products, and customers together as the company continues to expand. CEO and co-founder Michael Intrator said that CoreWeave is in a period of “hypergrowth,” and hiring a CRO is necessary to handle the complexity of new opportunities.
Jones agreed by saying that AI is growing quickly, and success will depend on great technology combined with the right sales and growth strategies. As a result, he is excited to join the team and help CoreWeave scale its business even further. The announcement also comes as CoreWeave expands through major acquisitions, including companies like Core Scientific (CORZ), Weights & Biases, OpenPipe, and Monolith.
Is CRWV Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on CRWV stock based on 14 Buys, 11 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average CRWV price target of $152.60 per share implies 13.5% upside potential.
