CoreWeave Valuation At $7B After Secondary Sale

CoreWeave, an AI cloud infrastructure company, has received a minority investment of $642 million led by Fidelity Management and Research Co., resulting in a valuation of $7 billion. The investment highlights CoreWeave’s market-leading performance, technology advantage, and strong customer adoption. This significant jump in valuation signifies continued interest and investment in AI despite predictions of a cooling off. CoreWeave, which started as an Ethereum mining operation, offers flexible infrastructure for training large language models for AI. The company has raised a total of nearly $3 billion in debt and equity.