CoreWeave Shares Gain 4.5% After Launch of VC Arm Targeting AI Startups

CN
coindesk
Follow
6 hours ago


Shares of CoreWeave (CRWV) rose as much as 9% on Monday morning after the company announced it’s launching a venture capital arm focused on early-stage artificial intelligence startups.

The stock was higher by 4.5% as midday U.S. hours approached..

The new fund, called CoreWeave Ventures, will focus on investing in startups building tools, infrastructure or applications for AI. The company didn’t disclose how much capital would be committed but framed the effort as an extension of its broader mission to support high-performance computing for machine learning and generative AI.

“Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next class of innovation,” said Brannin McBee, co-founder and chief development officer at CoreWeave.

CoreWeave specializes in cloud computing optimized for AI workloads, offering access to Nvidia GPUs and fast storage to clients ranging from large enterprises to research labs. It went public earlier this year at $40 per share and surged to a high of $187 in June before pulling back.

The launch of CoreWeave Ventures comes during a busy period for cloud infrastructure firms focused on AI. On Monday, Nebius, another player in the “neocloud” space, signed a five-year, $19.4 billion agreement with Microsoft to supply computing power. That announcement sent several AI and data center stocks higher, adding momentum to the sector.

CoreWeave is also in the process of acquiring bitcoin miner Core Scientific (CORZ) in a $9 billion all-stock deal. The merger, announced in July, is still subject to shareholder and regulatory approvals.

For AI startups, the arrival of another specialized investor could offer an alternative to generalist VC firms or hyperscaler-linked capital. And for CoreWeave, it’s a chance to bet on the ecosystem it helps power — and maybe get early access to the next breakthrough.




免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

立即跟单,首单有最高100USD亏损赔偿
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink