Fidelity Management & Research Company led a $642m round in CoreWeave.

Fidelity Management & Research Company, an American multinational financial services corporation, led a $642m round in CoreWeave, a specialized GPU cloud provider, with participation from Investment Management Corporation of Ontario, Jane Street, JP Morgan Asset Management, Nat Friedman, Daniel Gross, Goanna Capital and Zoom Ventures. "Our explosive growth trajectory has been recognized by top-tier institutional investors, and this transaction highlights the differentiation our market-leading performance, significant technology advantage, and strong customer adoption is receiving in the market," Michael Intrator, CoreWeave Co-Founder and CEO.