Generative AI Cloud Startup CoreWeave Raises $221 Million Megaround

Generative AI Cloud Startup CoreWeave Raises $221 Million Megaround

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CoreWeave Inc., a six-year-old startup that provides specialized cloud infrastructure for generative artificial intelligence, ChatGPT-like language models and other computing-heavy applications, has joined a group of technology startups bucking a monthslong slump in venture-capital investing. 

CoreWeave on Thursday said it raised $221 million in a Series B funding round, the kind of outsize funding round commonplace during the recent boom but rare in today’s sagging market. 

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