CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

CoreWeave, an NYC-based startup that began as an Ethereum mining venture, has secured a large tranche of funding as it continues to transition to a general-purpose cloud computing platform.
CoreWeave today announced that it raised $221 million in a Series B funding round led by Magnetar Capital with participation from Nvidia, former GitHub CEO Nat Friedman and ex-Apple exec Daniel Gross. Magnetar contributed $111 million, with the remainder of the investment being split between Nvidia, Friedman and Gross. An Nvidia spokesperson said that the investment represents a “deepening” of i

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