CoreWeave

CoreWeave

A specialized cloud provider, delivering a massive range of GPU compute resources on demand and at scale. Learn more

Financials

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Revenues, earnings & profits over time
USD20222024
Revenues30.0m2.0b
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CoreWeave is a specialized cloud service provider focusing on GPU (Graphics Processing Unit) accelerated workloads. This means they offer cloud computing resources specifically designed to handle tasks that require significant computational power, such as Generative AI, Machine Learning, Large Language Model (LLM) inference, VFX (Visual Effects) rendering, and Pixel Streaming. These tasks are common in industries like artificial intelligence, high-performance computing (HPC), and digital content creation.

CoreWeave operates in the cloud computing market, which is a rapidly growing sector driven by the increasing demand for scalable and efficient computing resources. Their business model revolves around providing high-performance computing infrastructure on a pay-as-you-go basis. This allows clients to access powerful computing resources without the need to invest in expensive hardware themselves.

The company serves a diverse range of clients, including tech companies developing AI models, film studios requiring advanced rendering capabilities, and enterprises needing robust data processing solutions. By offering a broad selection of NVIDIA GPUs, CoreWeave ensures that clients can optimize both performance and cost according to their specific use cases.

CoreWeave's infrastructure is built on a fully managed, bare metal serverless Kubernetes platform. In simpler terms, this means they use physical servers (bare metal) without the overhead of a traditional operating system, managed by Kubernetes, an open-source system for automating the deployment, scaling, and management of applications. This setup delivers high performance while reducing the operational burden on clients' development and operations teams (DevOps).

Revenue is generated through a usage-based pricing model, where clients pay for the computing resources they consume. This model is attractive to businesses as it offers flexibility and scalability, allowing them to scale their operations up or down based on demand.

In summary, CoreWeave is a cutting-edge cloud service provider specializing in GPU-accelerated workloads, serving industries that require high computational power. Their innovative infrastructure and flexible pricing model make them a key player in the cloud computing market.

Keywords: GPU-accelerated, cloud computing, AI, machine learning, VFX rendering, Kubernetes, NVIDIA GPUs, high-performance computing, scalable infrastructure, pay-as-you-go.

Tech stack

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Investments by CoreWeave

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Conductor Technologies
ACQUISITION by CoreWeave Jan 2023