General info on CoreWeave.

Company Overview

CoreWeave is a cutting-edge, U.S.-based cloud computing company built specifically for high-performance artificial intelligence workloads. Headquartered in Livingston, New Jersey, the company delivers GPU-accelerated infrastructure tailored for AI developers, machine learning applications, and enterprise clients.

 With its deep technical focus and scalable infrastructure, CoreWeave has become a key player in powering next-gen AI platforms — including high-profile partnerships with OpenAI and Microsoft. 

Investment Highlights

Market Leadership 
CoreWeave is a leading provider of AI-focused cloud infrastructure, purpose-built for high-performance computing workloads. Leveraging NVIDIA GPUs and proprietary orchestration technologies, the company is rapidly capturing market share in the AI cloud segment, serving enterprise clients and major AI platforms. 

Exceptional Revenue Growth 
The company reported $1.92 billion in revenue in 2024, up from $228.9 million in 2023, representing 739% year-over-year growth. This rapid scale reflects accelerating demand for GPU cloud infrastructure and CoreWeave's ability to meet enterprise-level requirements at speed. 

Strategic Client Base 
CoreWeave's commercial partnerships include some of the largest names in the tech ecosystem. In 2024, Microsoft accounted for 62% of total revenue, and the company secured a $11.9 billion long-term contract with OpenAI, which also received $350 million in equity — cementing deep strategic alignment. 

Technology & Infrastructure 
CoreWeave delivers specialized infrastructure optimized for artificial intelligence, machine learning, and visual effects workloads. It is one of the few cloud providers built entirely on NVIDIA GPU technology, allowing it to address high-performance use cases beyond traditional cloud offerings. 

IPO Strength 
CoreWeave is targeting a raise of up to $2.7 billion through its IPO, with an expected valuation of up to $26 billion. The offering is underwritten by leading global investment banks, including Morgan Stanley, J.P. Morgan, Goldman Sachs, and others, signaling strong institutional confidence. 

Scalable Expansion Strategy 
The company is actively expanding its data center footprint across North America, supported by short-term leasing models and a focus on long-term enterprise contracts. This approach allows for flexible, rapid deployment of infrastructure while securing recurring revenue streams. 

Use of Proceeds 

CoreWeave intends to allocate the IPO proceeds toward:

• Expansion of GPU-based data center infrastructure in key regions
• Research and development of next-generation cloud services for AI and ML
• Scaling operational capacity to meet rising global demand
• Investment in strategic partnerships and enterprise onboarding