Reported about 9 hours ago
CoreWeave, a cloud-computing startup backed by Nvidia, has filed for an initial public offering (IPO) after reporting significant revenue growth, reaching $1.9 billion in 2024, albeit with a net loss of $863 million. With major customers like Microsoft, the company aims for a valuation above $35 billion and could raise approximately $4 billion from the IPO. However, the company has acknowledged weaknesses in its financial reporting controls. CoreWeave, founded in 2017 initially as a crypto mining firm, is now focusing on AI-related computing infrastructure.
Source: YAHOO