New York, NY - CoreWeave, a leading specialized cloud provider in the IT Services and IT Consulting industry, announced today that it has successfully raised $200 million in a Series B funding round. The investment was led by Magnetar Capital, a prominent global investment firm known for its strategic investments in innovative technology companies.

CoreWeave, founded by Michael Intrator, has quickly established itself as a pioneering force in delivering a massive scale of GPU compute resources on top of the industry's fastest and most flexible infrastructure. As an esteemed NVIDIA Elite Cloud Solutions Provider for computing and Visualization, CoreWeave specializes in building cutting-edge cloud solutions tailored for compute-intensive use cases such as VFX and Rendering, Machine Learning and AI, Batch Processing, and Pixel Streaming.

With this latest funding round, CoreWeave aims to further accelerate its growth and expand its reach in the ever-evolving cloud computing market. The $200 million investment will fuel the development of new technologies and strengthen CoreWeave's position as a leader in providing high-performance cloud solutions that surpass the capabilities of large, generalized public clouds.

"We are thrilled to have Magnetar Capital as our lead investor in this funding round," said Michael Intrator, Founder of CoreWeave. "Their extensive expertise and strategic guidance will enable us to continue innovating and delivering unparalleled cloud solutions to our clients across industries."