Coatue, an American technology-focused investment manager, led a $1.1bn Series C round in CoreWeave, a specialized cloud provider for AI, with participation from Magnetar, 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.