CoreWeave

Hill Chart Shape

Overview

CoreWeave
Sectors
Cloud & Infra, AI, Hardware
Headquarters
Roseland, New Jersey, USA
CEO
Michael Intrator
CoreWeave raised $1.1B in a Series C Valuation at a $779.05 price per share, amounting to a post-money valuation of $19.0B on May 16, 2024. PMI data indicates that CoreWeave's shares have been trading at an 29.4% premium to their Series C Valuation based on institutional secondary market activity.
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Series C Valuation
Latest funding round
$19.0B
XXXXX
2024-05-16
XX-XX-XXXX
AV Implied Valuation
$24.59B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
+29.4%
2024-05-16 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
High
XXXXX
Volume
$305.79M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$97.51M
Ask
$208.28M

“To deliver innovative, scalable, and cost-effective cloud computing solutions that empower businesses and researchers to accelerate their computational workloads and drive transformative outcomes.”

CoreWeave, founded in 2017 by Brian Venturo, Michael Intrator, and Brannin McBee, is a leading provider of cloud infrastructure specializing in GPU-accelerated computing. The company offers tailored solutions for industries requiring high-performance computing, including AI, machine learning, visual effects, and scientific research.

Business Model

CoreWeave operates on an Infrastructure-as-a-Service (IaaS) model, providing access to a highly flexible and scalable cloud platform. The company generates revenue through subscription-based services and pay-as-you-go pricing, enabling clients to customize their computing resources based on specific project needs.

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Targeted Impact

CoreWeave aims to revolutionize cloud computing by providing cost-effective, high-performance GPU solutions that empower businesses and researchers to tackle complex computational challenges efficiently.

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Who Will benefit?

Industries such as AI, machine learning, visual effects, healthcare, and scientific research will benefit from CoreWeave’s scalable computing power, enabling them to accelerate innovation and reduce time to market.

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What Comes Next?

CoreWeave plans to expand its infrastructure capabilities, incorporate emerging technologies, and form strategic partnerships to enhance its service offerings, further establishing itself as a leader in GPU-accelerated cloud computing.

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CoreWeave Growth Timeline

CoreWeave and Competition

CoreWeave operates in the cloud computing industry, focusing on high-performance computing, AI, and machine learning. The competitive landscape in this industry is characterized by a few dominant players and several specialized providers. CoreWeave differentiates itself through its focus on providing cutting-edge GPU resources tailored for specific workloads.

Key Partners

Financial Data

Annual Revenue and Revenue Growth

Funding Round

Return on Investment (ROI)

Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.

Activity

Activity refers to broker contributions within the last 90 days.

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CoreWeave Private Comparables in the AI Sector

ApeVue highlights active private companies within the AI sector.

Change in ApeVue Valuation Since Last Funding Round

ApeVue uses composite price based on the institutional level contributions within the last 90 days to compute implied valuation. ApeVue's current implied valuation is compared to each company's latest funding round valuation:

Change in Composite Price

The plot below illustrates the change in composite price within the last 90 days.

Activity

The plot below displays the 90-day activity based on institutional-level ($1M+) broker contributions.

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