Nvidia-backed CoreWeave valued at $19B in new funding round, WSJ reports

CoreWeave, a cloud-computing company backed by Nvidia that rents out chips housed in data centers across the U.S. that customers use to create and deploy AI systems, has secured new funding from investors that values it at $19B, reported The Wall Street Journal’s Asa Fitch. Investors in the latest $1.1B funding round led by Coatue included Magnetar Capital, Altimeter Capital, Lykos Global Management and Fidelity, according to the report, which notes that the new funding comes about five months after the company raised $642M from investors in a round that valued CoreWeave at $7B.