Magnetar Capital led a $221m Series B round in CoreWeave.

Magnetar Capital, an alternative asset manager, led a $221m Series B round in CoreWeave, a specialized cloud compute provider, with participation from NVIDIA, Nat Friedman and Daniel Gross. “CoreWeave is uniquely positioned to power the seemingly overnight boom in AI technology with our ability to innovate and iterate more quickly than the hyperscalers. Magnetar’s strong, continued partnership and financial support as lead investor in this Series B round ensures we can maintain that momentum without skipping a beat. Additionally, we’re thrilled to expand our collaboration with the team at NVIDIA. NVIDIA consistently pushes the boundaries of what’s possible in the field of technology, and their vision and guidance will be invaluable as we continue to scale our organization,” Michael Intrator, CoreWeave CEO and Co-Founder.