Cryptocurrencies
CoreWeave Closes $650 Million Credit Facility for AI Cloud-Computing Push
- Goldman Sachs, JPMorgan and Morgan Stanley led the facility
- CoreWeave has raised $12.7 billion over the last 18 months
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CoreWeave Inc., a cloud-computing provider that’s among the most valuable artificial intelligence startups, has closed a $650 million credit facility led by JPMorgan, Goldman Sachs, and Morgan Stanley that is intended to be used to support growth.
The loan agreement increases the amount raised by debt and equity investors over the last 18 months to $12.7 billion, the Roseland, New Jersey-based CoreWeave said in a statement Friday. Other participating banks in the credit facility include Barclays, Citibank and Jefferies.