Participated · Series C · May 2024

CoreWeave operates an AI cloud platform providing high-performance, GPU-backed computing infrastructure to enterprise customers. The company is rapidly expanding its infrastructure footprint to meet accelerating demand for AI compute and has secured significant capital commitments to support that growth. Most recently it closed an $8.5 billion delayed draw term loan facility that is investment-grade rated and improves its cost of capital. CoreWeave reported roughly $28 billion in combined equity and debt financing commitments over the past year, reflecting strong institutional interest. The company plans to use the new financing to fulfill previously contracted cloud services and continue scaling its AI infrastructure.