CoreWeave Secures $7.5 Billion Debt Financing to Expand AI Infrastructure

CoreWeave, an artificial intelligence infrastructure startup, announced it has recently raised $7.5 billion in debt financing. The company has raised over $12 billion from equity and debt investors over the last 12 months, including a landmark $1.1 billion Series C in May 2024 led by Coatue, and a $2.3 billion debt financing facility led by Blackstone and Magnetar in August 2023. 

Leading the lending round was Blackstone’s funds, with participation from Coatue, Carlyle, BlackRock, and other investors.

Just two weeks ago, CoreWeave was valued at $19 billion during its equity financing. The company's attractiveness to investors is driven by its role as a major provider of Nvidia’s chips for running AI models. The new debt funding will be allocated for servers equipped with GPUs, networking equipment, and cabinets, according to a CoreWeave spokesperson. Citation: