A Korwave logo is displayed on a smartphone with stock market percentage in the background.
Omar Marx | Sopa Picture | Lightrocket | Getty images
According to two people with knowledge of the case, Korvev, a provider of Data Center Technology and Services for Artificial Intelligence Companies, has signed a five -year deal for Artificial Intelligence Companies.
As part of the deal, Openai will get a stake in Korvive, a price of about 350 million dollars for the company’s upcoming initial public offer, according to the people, who did not give the name because the information is confidential.
Reuters were to report on the first agreement.
Coreweave, which is supported by AI chipmaker NvidiaIs ready to debut on Nasdaq in the coming weeks. The company said in its IPO prospectus last week that the revenue in 2024 exceeded 700%, which was more than 60%. MicrosoftChief investor in Openai.
In October, Coreweave announced a $ 650 million credit line to expand its business and data center portfolio. In the last two years, the company has raised over $ 12 billion from equity and debt investors, including $ 1.1 billion evaluation of $ 19 billion in May.
Coreweave said in its prospectus that it ended 2024 with 32 data centers, with more than 250,000 NVidia graphics processing units, or GPU. The company has crossed the announced goals in October, when Korview said it plans to open 28 data centers by the end of the year, with 10 more plans for 2025.
In addition to the supply of AI computing services to Microsoft, Coreweave’s customer base is also included Meta, IBM And coere.
In May, Korvive was priced at $ 19 billion in a funding round. Reuters reported in November that the company was targeting evaluation of more than $ 35 billion in its IPO.
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