TIMONIUM, Md., May 2, 2024 — SG Benefit Providers, a leading insurance company, has announced the successful acquisition of Medicare Group USA for over $5 million. This strategic move marks a significant milestone for SG Benefit Providers, expanding its portfolio to include five insurance companies. The acquisition has propelled SG Benefit Providers to triple its size, surpassing last year’s $8 million in revenue within the first quarter.
CEO Steven Reech expressed his excitement about the acquisition, stating, “We are pleased to welcome Medicare Group to the SG family and build a dream team together.” CMO Anthony Miller expressed his excitement about the tech and marketing aspect “This acquisition also helps our ability to provide innovative insurance solutions to our clients and develop more IP.”
The acquisition was facilitated with the assistance of ThinkEquity, serving as the advisor to the company on financing. Additionally, their lending partner REV Capital provided a $2 million line of credit with the option to increase to $3 million, enabling SG Benefit Providers to execute its growth strategy effectively.
Co-Founder of Medicare Group, Tim Wyatt, shared his enthusiasm about joining forces with SG Benefit Providers, stating, “My Co-Founder Andy Rathamn and I are delighted to find a great home with SG Benefit Providers. This partnership will allow us to continue serving our clients with the same dedication and commitment to excellence.”
Chief Strategy Officer Blake Van Leer expressed his gratitude for the opportunity to contribute to SG Benefit Providers’ growth strategy, stating, “I’m grateful to be of service to SG and help execute their vision for an M&A and organic growth towards our roadmap, which consist of over $100M in revenue. This acquisition certainly helps expedite the process.”
The acquisition of Medicare Group USA underscores SG Benefit Providers’ commitment to expanding its market presence and delivering exceptional value to its clients. With a strengthened portfolio and expanded resources, SG Benefit Providers is well-positioned for continued success in the insurance industry.
SG Benefit Providers is a leading insurance company dedicated to providing innovative insurance solutions to individuals and businesses. With a focus on customer-centricity and innovation, SG Benefit Providers aims to empower its clients with comprehensive insurance coverage and unparalleled service.
GHENT, Belgium, May 2, 2024 — Aikido, the “no BS” security platform for developers and SMEs, has raised $17M in Series A funding led by Singular.vc, with participation from Notion Capital and Connect Ventures. The round comes just 6 months after Aikido’s $5.3M seed funding, making it the fastest capitalized startup in Belgian history.
Aikido Founders: Willem Delbare, Felix Garriau & Roeland Delrue
Founded by serial entrepreneur and CTO Willem Delbare, Aikido was created out of frustration with clunky, legacy security tools that “waste developers’ time.” The platform centralizes all necessary code and cloud security scanners in one place, making security simple for SMEs and doable for developers without industry jargon or red tape.
“Security, like compliance, used to be for the big guys, but now it’s a growing requirement for all companies,” said Delbare. “It’s critical for SMEs to win customers and grow upmarket, but the security burden falls on developers’ shoulders.”
Aikido simplifies this challenge with an all-in-one platform that brings together essential security features. It has a simple UI and a freemium self-service model, allowing developers to easily manage security and function as a security engineer..
“Aikido has an incredibly unique approach to security,” said Henri Tilloy, who led the round at Singular.vc. “It’s simple, leverages open-source, and it’s easy to set up and use, yet it ticks off the boxes of company compliance and security requirements in one go.”
Launched in April 2023, Aikido is already used by over 3,000 organizations and 6,000 developers. The company’s rapid growth includes a recent win with Visma, which chose Aikido to secure its portfolio of 175+ companies.
With 30% of its customers in the US, Aikido eyes the international market, helping developers and SMEs worldwide get security done. The new funding will be used to deepen the platform and push Aikido onto the global stage.
“Security has long been dominated by established players. We’re outsiders here,” said Delbare. “I’m building Aikido from the experience of an unsatisfied customer and a frustrated developer. Our promise is straightforward security for developers and SMEs.”
The company reveals a reference customer, Kevin Mandia endorses the technical approach, Ted Schlein joins the Board of Directors and Marie Mouchet joins the Advisory Board
PALO ALTO, Calif., May 2, 2024 — Mimic, the ransomware defense company, announced today that it has emerged from stealth and that it has secured a seed round of funding of $27 million led by Ballistic Ventures, with investment from Menlo Ventures, Team8, Wing Venture Capital and Shield Capital.
“Mimic’s SaaS platform provides enterprises with detection, deflection, and rapid recovery from ransomware attacks,” said Derek Smith, Mimic CEO. “Our technology detects ransomware much earlier and with greater accuracy than other defenses, allowing us time to deflect the attack before damage is done or data is stolen. Mimic is the last line of defense, working in concert with our customers’ other controls. Our mission is to eradicate this pernicious form of cyber extortion, which impacts parts of our society that are least able to cope, such as hospitals and schools.”
“Mimic’s new capability to detect and deflect ransomware so much earlier than traditional defenses is a huge step forward,” said Kevin Mandia, founder of Mandiant and Co-founder and Strategic Partner of Ballistic Ventures. “The Mimic technology will allow incident responders the time they need to cut off threat actor access, knowing that their client is protected.”
Ransomware has become one of the most dangerous forms of cyber-attack worldwide. One of the first high-profile attacks occurred on May 7, 2021, when Colonial Pipeline, an oil pipeline system that carries gasoline and jet fuel from Houston through the Southeastern U.S. and to the New York Harbor suffered a ransomware attack which caused the entire pipeline to be shut down, crippling fuel supplies to the Eastern U.S. The CEO of Colonial Pipeline at the time, in his testimony to the U.S. Senate Committee on Homeland Security & Governmental Affairs, stated, “We were in a harrowing situation and had to make difficult choices that no company ever wants to face… Our hope is that we will all learn from what happened and, through sharing, develop even more robust tools and intelligence to address this threat moving forward.”
The CIO of Colonial at the time, who led the fight to get Colonial back on-line, Marie Mouchet, has joined the Mimic Advisory Board and said, “I am very excited by what Mimic is creating. It would have helped us and others and is a very needed breakthrough in the world of cybersecurity.”
Mimic is excited to announce a reference customer, Apex Group, which is currently leveraging the Mimic platform.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 13,000 employees globally, Apex Group provides services into 50 jurisdictions delivering an expansive range of services to asset managers, financial institutions, private clients, and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry.
“Mimic’s technology allows us to find ransomware attacks much earlier than our other defenses and with much higher precision and then deflects those attacks in ways which will help protect our business from future attacks,” said Ash Hunt, Apex Group CISO.
Mimic also announced today that Ted Schlein, General Partner at Ballistic Ventures and long-time partner at Kleiner Perkins, has joined its Board of Directors. “Ransomware is the highest priority problem for all CISOs in the Fortune 500 and Global 2000,” said Schlein. “We believe that Mimic’s unique approach to defending against these attacks will make it a required part of every company’s approach to security.”
About Mimic Mimic is the ransomware defense company. Security teams use Mimic to detect ransomware early enough to deflect it before it can damage their infrastructure or steal their data. Mimic also creates a unique rapid-recovery technology which operates in seconds and minutes vs days and weeks, without allowing threat actors to reestablish their access. Founded in 2023, Mimic is headquartered in Palo Alto, California, and is funded by Ballistic Ventures, Team8, Menlo Ventures, Wing Venture Capital, and Shield Capital. Visit us at Mimic.com.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 13,000 employees globally, Apex Group provides services into 50 jurisdictions delivering an expansive range of services to asset managers, financial institutions, private clients, and family offices.
The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund raising solutions, fund administration, digital onboarding and bank accounts, depositary, custody, super ManCo, corporate services and a pioneering ESG ratings and advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the environment and climate change, women’s empowerment and economic independence, education and social mobility.
Investors in the extension include returning partners Brightspark Ventures, Build Ventures and NBIF (the New Brunswick Innovation Foundation), with Farpointe joining for the first time. They join existing investors, including Marc Benioff’s TIME Ventures.
The latest funding will be used to drive commercialization of Potential’s AI-powered perception solutions in automotive, powersports, mining and defense sectors, following years of intensive R&D.
Potential has already partnered with a major manufacturer of recreational off-road vehicles (CFMOTO Powersports Inc) and delivered its first innovation project for a global automotive brand. The company has another pilot project in the automotive sector underway in Q2, with further projects at scoping stage.
Potential’s core technology is branded Terrain Intelligence. This software platform uses forward-facing sensors (such as cameras) to interpret terrain shape, incline gradient, surface type, obstacles and more. The platform can deliver multiple outputs, from presenting data to drivers all the way through to self-selecting vehicle control adjustments such as drive mode, suspension and differential settings, torque levels and more.
Unlike today’s driver assistance systems, which rely on reactive technologies, Potential enables proactive control in advance of reaching hazards.
Sam Poirier, CEO at Potential: “Potential’s expertise in off-road terrain, computer vision and AI will make vehicles safer, faster, more agile and more comfortable in extreme environments. Our solutions can improve outcomes on the road too, so our technology could be used in all sorts of vehicles. I’m pleased to welcome back existing partners as well as new investors at this critical milestone in our journey.”
Mark Skapinker, Managing Partner at Brightspark Ventures: “When we first invested in Potential, we were excited by Sam’s vision of a future where AI and terrain perception technologies play key roles in performance, safety and efficiency. By renewing our investment, we’re also renewing our vote of confidence in Sam’s leadership and Potential’s technology.”
Jeff White, CEO at NBIF: “Sam has already built an impressive team and successful pilots; our new funding commitment demonstrates the continued confidence we have in Sam’s vision and Potential’s opportunities.”
About Potential
Potential (Potential Motors Inc.) is an automotive technology company designing the future of advanced driver-assistance systems for off-road and extreme environments, combining computer vision and AI to read the path ahead.
Specialized Fund Targets Global Semiconductor and Nanotechnology Innovation
LEUVEN, Belgium, May 2, 2024 — Imec.xpand, an independent global venture capital fund, today announced the launch of a new EUR 300 million fund aimed at accelerating the growth of transformative semiconductor and nanotechnology innovations. Established as a collaborative effort with imec, the world-leading R&D and innovation hub in nanoelectronics, the fund will invest in startups that have the potential to be globally disruptive within their target domains. The fund is designed to fuel semiconductor innovation beyond traditional applications and drive the next-generation technologies that are 10 years ahead of their time.
Our team is characterized by a high level of technological expertise and a hands-on approach. With deep-rooted connections to imec, this places xpand in the perfect position to assess technology risk in early stage deep tech companies.
Imec.xpand invests globally across all stages, transforming semiconductor and nanotechnology innovations into market-ready solutions. Focused on leveraging imec’s expertise, the fund targets breakthrough technologies including artificial intelligence (AI), machine learning (ML), augmented reality/virtual reality (AR/VR) and photonics. In life sciences, imec.xpand is looking for opportunities to advance cell therapy, sequencing, neuromodulation and other applications that will revolutionize medical diagnostics and treatments.
“Imec.xpand is not just about funding startups, it’s about building companies that can lead the next wave of technological transformation,” said Tom Vanhoutte, partner at imec.xpand. “With this fund, we are dedicated to advancing the semiconductor industry by empowering startups to bring innovative technologies to market faster. The combination of our venture capital and international network helps unicorns grow amid the global race for semiconductor supremacy.”
The first imec.xpand fund was launched in 2017 with the strong support of imec. Since then, imec.xpand has attracted a loyal base of international financial and strategic investors. Over the years, imec.xpand has built a strong track record of investing in game-changing companies. The fund’s unique positioning among the global venture capital community, and also in the U.S., is instrumental in attracting potential co-investors for its portfolio companies. Imec.xpand’s stamp of approval often acts as a financial catalyst that enables startups to raise additional funding from other investors. To date, imec.xpand has invested in 23 companies that, so far, have raised nearly EUR 1.5 billion in financing and includes two unicorns.
Imec.xpand portfolio companies are developing cutting-edge, differentiated technologies that give them a global competitive advantage in their respective markets. Noteworthy imec.xpand portfolio companies include Celestial AI, a Silicon Valley company that recently raised $175 million USD to advance its optical compute and memory fabric solution for AI infrastructure; PsiQuantum, a frontrunner in the race to develop the first practical quantum computer; and Swave Photonics, developing a unique holographic extended reality chip technology designed to disrupt 3D holographic imaging and spatial computing.
Imec.xpand’s combination of independent management, global reach and scale, dedicated semiconductor focus, corporate and financially driven investors, and extensive imec support sets the fund apart from other venture capital initiatives. To learn more about imec.xpand and its latest venture capital fund, visit: https://imecxpand.com/.
About imec.xpand
Imec.xpand is one of the world’s largest independent venture capitalist dedicated to early-stage semiconductor innovation. The imec.xpand funds target ambitious deep tech start-ups where the knowledge, expertise and infrastructure of imec, the world-renowned semiconductor and nanotechnology R&D center, can play a determining role in their growth. Imec.xpand has an outspoken international mindset towards building disruptive global companies and strongly believes that sufficient funding from the start is key to future success. The team’s unique ability to assess technology risk in the earliest stages of development enables imec.xpand’s game-changing approach towards hardware driven semiconductor innovation. https://imecxpand.com.
Media Contact: Jeremy Hyatt Green Flash Media [email protected] +1 949 607 9000
Onbekende investering van Binance Labs volgt op de Serie A-financieringsronde van $ 38 miljoen dollar van Movement
SAN FRANCISCO, 2 mei 2024 — Movement Labs, een in San Francisco gevestigd blockchainontwikkelingsteam kondigt vandaag een investering van Binance Labs aan. Deze investering volgt op de succesvolle Serie A-financieringsronde van 38 miljoen dollar van Movement Labs. Het bedrijf blijft vaart zetten achter zijn missie om ‘Move Everywhere’ te brengen.
Binance Labs Backs Movement Labs
Movement werd opgericht in 2022 en bouwt aan een ecosysteem van op Modular Move gebaseerde blockchains, te beginnen met M2, de eerste Move Virtual Machine L2 voor Ethereum. Movement zal de fondsen gebruiken om zijn suite van open-source tooling, frameworks en protocollen uit te breiden Hiermee kan de Move-programmeertaal makkelijker in de brede blockchain-ecosystemen worden opgenomen. Met Movement kunnen ontwikkelaars veilige, performante en Move VM rollups met hoge doorvoer net zo makkelijk starten als smart contracts.
Als onderdeel van zijn wereldwijde expansiestrategie legt Movement Labs sterk de nadruk op de regio Azië-Pacific (APAC), omdat het bedrijf hier het immense potentieel en talent binnen de Move-ontwikkelingsgemeenschap erkent. Movement Labs zet zich in voor het promoten en ondersteunen van Aziatische Move-ontwikkelaars en biedt hen de middelen, opleiding en mogelijkheden die nodig zijn om hun uitzonderlijke werk te laten zien en bij te dragen aan de groei van het Move-ecosysteem.
“We zijn verheugd Binance Labs te verwelkomen als investeerder,” zegt Rushi Manche, medeoprichter van Movement Labs. “Hun steun en expertise zullen van onschatbare waarde zijn bij de verdere uitvoering van onze ‘Move Everywhere’-strategie, waarbij we ons in eerste instantie richten op de levendige en innovatieve APAC-markt. Door de getalenteerde Move-ontwikkelaars in de regio te versterken en met hen samen te werken, willen we de adoptie van Move versnellen en nieuwe mogelijkheden voor het hele ecosysteem ontsluiten.”
Ga voor meer informatie over Movement Labs en een handleiding voor deelname aan het devnet naar: movementlabs.xyz en volg ons op X @movementlabsxyz en op Discord. Neem contact met ons op via movementlabs.xyz om de wereldwijde zakelijke mogelijkheden te bespreken.
Over Movement Labs: Medeoprichters, Rushi Manche en Cooper Scanlon, vroege bouwers in het Move-ecosysteem, richtten Movement Labs op in 2022 als het eerste geïntegreerde blockchain-netwerk, dat de snelste en veiligste laag 2 op Ethereum aandrijft. Ontworpen om slimme contractbeveiliging en parallellisatie te koppelen aan EVM-liquiditeit en gebruikersbases, brengt Movement de MoveVM naar Ethereum via zijn vlaggenschip L2 en verbonden rollups met de Move Stack.
Over Binance Labs: Binance Labs, de durfkapitaaltak en accelerator van Binance, is inmiddels uitgegroeid tot een bedrijf met een waarde van meer dan $ 10 miljard. De portfolio omvat 250 projecten in meer dan 25 landen verspreid over zes continenten, waarbij het rendement op investering meer dan 14 keer wordt verveelvoudigd. Vijftig van de portfoliobedrijven van Binance Labs zijn projecten die onze incubatieprogramma’s hebben doorlopen. Volg Binance Labs op X voor meer informatie.
L’investimento di Binance Labs, su cui non sono state divulgate informazioni, fa seguito al round di finanziamento di serie A da 38 milioni di dollari USA di Movement
SAN FRANCISCO, 1 maggio 2024 — Movement Labs, un team di sviluppo nel campo della blockchain con sede a San Francisco, oggi ha annunciato un investimento da parte di Binance Labs. Questo finanziamento giunge sulla scia del riuscito round di finanziamento di serie A da 38 milioni di dollari di Movement Labs, mentre continua con successo la missione dell’azienda di portare “Move Everywhere” (Move dappertutto).
Binance Labs Backs Movement Labs
Fondata nel 2022, Movement sta costruendo un ecosistema di blockchain basate su Modular Move, a partire da M2, la prima Move Virtual Machine L2 per Ethereum. Movement utilizzerà il finanziamento per espandere la propria suite di strumenti, framework e protocolli open source per agevolare l’adozione del linguaggio di programmazione Move in ecosistemi blockchain più vasti. Con Movement, gli sviluppatori possono lanciare rollup di Move VM sicuri, performanti e a rendimento elevato con la stessa facilità che caratterizza i contratti intelligenti.
Nell’ambito della sua strategia di espansione globale, Movement Labs pone una forte enfasi sulla regione dell’Asia-Pacifico (APAC), riconoscendo l’enorme potenziale e talento all’interno della comunità di sviluppo di Move. L’azienda è impegnata a sostenere e supportare gli sviluppatori di Move in Asia, fornendo loro le risorse, la formazione e le opportunità necessarie per mettere in evidenza l’eccezionale lavoro svolto e contribuire alla crescita dell’ecosistema di Move.
“Siamo entusiasti di dare il benvenuto al nuovo investitore Binance Labs”, ha affermato Rushi Manche, co-fondatore di Movement Labs. “Il supporto e la competenza di Binance Labs saranno preziosi mentre proseguiamo nell’attuazione della strategia ‘Move dappertutto’, a partire dal focus sul dinamico e innovativo mercato dell’APAC. Coinvolgendo gli eccellenti sviluppatori di Move nella regione e collaborando con loro puntiamo a velocizzare l’adozione di Move e a sbloccare nuove possibilità per l’intero ecosistema”.
Per ulteriori informazioni su Movement Labs e una guida per partecipare alla sua devnet visita il sito: movementlabs.xyz e segui l’azienda su X @movementlabsxyz e su Discord. Connettiti con noi su movementlabs.xyz per discutere di opportunità commerciali globali.
Informazioni su Movement Labs: I co-fondatori, Rushi Manche e Cooper Scanlon, i primi costruttori dell’ecosistema Move, hanno fondato Movement Labs nel 2022 come prima rete blockchain integrata, alimentando il Layer 2 più veloce e sicuro su Ethereum. Progettato per abbinare la sicurezza dei contratti intelligenti e la parallelizzazione con la liquidità EVM e le basi di utenti, Movement sta portando MoveVM su Ethereum attraverso il suo L2 principale e rollup collegati con Move Stack.
Informazioni su Binance Labs Binance Labs è il braccio venture capital e acceleratore di Binance, cresciuto fino a valere ora oltre 10 miliardi di dollari. Il suo portafoglio comprende 250 progetti di oltre 25 paesi in sei continenti e vanta un tasso di ritorno sugli investimenti di oltre 14 volte. Cinquanta delle aziende nel portafoglio di Binance Labs hanno preso parte ai nostri programmi di incubazione. Per ulteriori informazioni segui Binance Labs su X.
SEATTLE, May 1, 2024 — StepSecurity, a leader in protecting CI/CD pipelines and infrastructure, announced today the closing of its $3 million seed funding round led by Runtime Ventures, with participation from Inner Loop Capital, SaaS Ventures, DeVC, and several notable industry leaders as angel investors.
Founded two years ago by cybersecurity leaders Varun Sharma and Ashish Kurmi, StepSecurity has rapidly gained traction within both the open-source community and enterprise sectors.
Over 3,000 open-source projects, including those from the Cybersecurity and Infrastructure Security Agency (CISA), Google, Microsoft, Datadog, Kubernetes, Node, and Ruby, use StepSecurity to harden their CI/CD pipelines. StepSecurity also recently detected a CI/CD supply chain attack in a Google open-source project.
StepSecurity’s enterprise tier continues to gain traction, serving customers in high-tech, crypto, and healthcare industries. “Enterprises typically have robust application and cloud security solutions. However, CI/CD, the crucial link between these two environments, remains unprotected,” said Varun Sharma, CEO of StepSecurity. “We analyzed past CI/CD security breaches and built our platform using a first-principles approach.”
Michael Sutton, General Partner & Co-Founder at Runtime Ventures, commented, “Attackers have learned not only that the CI/CD pipeline represents the weak link in application security, but also that a successful supply chain attack can deliver an exponential impact. Supply chain attacks such as SolarWinds and Codecov impacted thousands of entities given the broad usage of the vulnerable applications. Security leaders have learned the hard way that CI/CD security can no longer be ignored, and StepSecurity is at the forefront of this paradigm shift.”
The urgency of securing CI/CD environments has never been clearer due to recent high-profile security breaches. Several incidents, such as XZ Utils and SolarWinds, originated in CI/CD. As a result, the Center for Internet Security (CIS), Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and National Institute of Standards and Technology (NIST) have released guidance and benchmarks urging enterprises to harden their CI/CD environments.
StepSecurity plans to use these funds to invest in its open-source community and expand its enterprise offerings. StepSecurity already supports GitHub Actions and plans to expand its product to cover other CI/CD environments, such as GitLab CI, Harness, and Azure DevOps. The company is also actively hiring across engineering, sales, and marketing to support its growth.
For more information or to get started with StepSecurity, please visit https://stepsecurity.io
ROSELAND, N.J., May 1, 2024 — CoreWeave, the leading specialized cloud provider for AI, today announced it has secured $1.1 billion in new funding, led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. New funding will be used to support the rapid growth across all areas of the business, and CoreWeave’s expansion into new geographic regions to meet the explosive demand for GPU accelerated cloud infrastructure worldwide.
“CoreWeave continues to push forward as a provider of critical infrastructure in the development of AI, and the high caliber of investors who continue putting their trust in us validates the enormous opportunity we have to define the next generation of cloud computing,” said Mike Intrator, co-founder and CEO of CoreWeave. “CoreWeave is designed specifically to tackle the most complex and pressing challenges in high performance compute. With this new round, we will continue investing in and working with the largest AI enterprises in the world.”
Companies increasingly recognize the potential for AI to enhance efficiencies, productivity, expand revenue and reduce costs, as well as strategic benefits like growth and innovation. Organizations of every size and industry are racing to deploy larger-scale AI solutions and capabilities – driving explosive demand for powerful and scalable infrastructure. However, generalized infrastructure from legacy cloud providers is not designed to handle the massive parallel processing power and memory that AI workloads require.
CoreWeave designed its cloud infrastructure with engineers and innovators in mind. Trusted by leading AI labs and enterprises, CoreWeave Cloud manages complexity through automation to deliver the most performant and efficient cloud infrastructure for AI workloads.
“We believe CoreWeave has emerged as a key leader in building the mission-critical infrastructure foundation required to satisfy society’s current and future demand for high performance compute at scale to power the generative AI revolution,” said Philippe Laffont, Founder & Portfolio Manager of Coatue. “Since partnering in 2023, we have been impressed by the team’s commitment to operational and technical excellence, and we look forward to continuing our partnership as they drive the next phase of growth for the company and industry.”
In December, the company announced it closed a secondary investment of $642 million, following a $420 million primary led by Magnetar in April 2023. In August, CoreWeave secured a $2.3 billion debt financing facility led by Magnetar and Blackstone. Also in the last year, CoreWeave increased its data center presence from three to 14, and quadrupled its employee headcount.
About CoreWeave CoreWeave is a specialized GPU cloud provider, designed to power the most complex workloads with customized solutions at scale. The company’s portfolio of cutting-edge technology delivers a broad range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more. Its world-class teams, talent, and engineering prowess bring unmatched speed-to-market for advanced compute. CoreWeave operates a growing footprint of data centers covering every region of the US. It was founded in 2017 and is based in New Jersey. Learn more at www.coreweave.com.
