History of CoreWeave in Timeline

CoreWeave is an American AI cloud-computing startup headquartered in Livingston, New Jersey. The company focuses on delivering cloud-based GPU infrastructure to AI developers and businesses. Additionally, CoreWeave develops proprietary chip management software to optimize its services.

2017: CoreWeave Founded as Atlantic Crypto

In 2017, Michael Intrator, Brian Venturo, Brannin McBee, and Peter Salanki founded Atlantic Crypto in New Jersey. The company initially mined ethereum using graphics processing units.

2018: Cryptocurrency Crash

In 2018, Atlantic Crypto faced challenges due to the cryptocurrency crash, impacting its ethereum mining operations.

2019: Company Renamed CoreWeave

In 2019, Atlantic Crypto was renamed CoreWeave. The company shifted its focus to providing cloud computing infrastructure, leveraging its inventory of GPUs.

October 2022: CoreWeave Launches Accelerator Program

In October 2022, CoreWeave launched an accelerator program to provide startup companies with compute credits, discounts, and hardware resources on the CoreWeave cloud.

April 2023: Nvidia Invests in CoreWeave

In April 2023, Nvidia invested $100 million in CoreWeave.

May 2023: CoreWeave Valuation Reaches $2 Billion

By May 2023, CoreWeave's valuation was approximately $2 billion.

August 2023: CoreWeave Secures $2.3 Billion Debt Financing

In August 2023, CoreWeave secured a $2.3 billion debt financing facility led by Magnetar Capital and Blackstone, using Nvidia's H100 GPUs as collateral.

September 2023: AI Supercomputer Claim

In September 2023, Nvidia and CoreWeave asserted that their supercomputer data center in Plano, Texas was the fastest AI supercomputer in the world.

May 2024: CoreWeave Raises $1.1 Billion in Funding

In May 2024, CoreWeave raised $1.1 billion in funding led by Coatue Management, valuing the company at $19 billion.

June 2024: CoreWeave's Offer to Buy Core Scientific Rejected

In June 2024, CoreWeave's $1 billion offer to buy high-performance computing (HPC) capacity vendor Core Scientific was rejected.

October 2024: Cisco Investment and Credit Line Secured

In October 2024, Cisco was set to invest in CoreWeave, valuing the company at $23 billion. Also, CoreWeave secured a $650 million credit line for expanding its operations and data centers.

October 2024: Michelle O’Rourke Named Chief People Officer

In October 2024, Michelle O’Rourke was named CoreWeave's new chief people officer.

November 2024: Secondary Share Sale and IPO Plans

In November 2024, CoreWeave closed a $650 million secondary share sale and planned for a 2025 initial public offering (IPO).

November 2024: CoreWeave Receives Nvidia Blackwell Hardware

In November 2024, CoreWeave was among the first cloud service providers to receive shipments of Nvidia's new Blackwell hardware.

December 2024: Cohere Plans Multi-Billion Data Center with CoreWeave

In December 2024, Canadian AI startup Cohere announced plans to build a multi-billion data center built and operated by CoreWeave.

2024: Expansion in the UK and New Jersey

In 2024, CoreWeave opened a headquarters in London, as well as two UK data centers. Also in 2024, CoreWeave signed a lease to build a $1.2 billion data center in a 280,000 sq ft space at the Northeast Science and Technology Center in Kenilworth, New Jersey.

2024: Partnership with Dell

In Dec. 2024, Dell and CoreWeave began partnering on infrastructure.

February 2025: CoreWeave Offers Nvidia GB200 NVL72 Chips via Cloud

In February 2025, CoreWeave was reported to be the first cloud provider to make Nvidia GB200 NVL72 chips available via cloud computing.

March 2025: Acquisition of Weights & Biases and OpenAI Contract

In March 2025, CoreWeave announced the acquisition of the AI platform developer Weights & Biases, reportedly for around $1.7 billion. Also, OpenAI signed a five-year cloud-computing contract worth approximately $12 billion with CoreWeave.

March 2025: Form S-1 Filed and Microsoft's Revenue Contribution

In March 2025, CoreWeave filed its Form S-1 and planned to list on the Nasdaq under the symbol "CRWV". According to the filing, Microsoft accounted for over 60 percent of CoreWeave's revenue in 2024.

March 27, 2025: IPO Size Reduced

On March 27, 2025, CoreWeave reduced its IPO size from $2.7 billion to $1.5 billion.

March 28, 2025: CoreWeave Goes Public

On March 28, 2025, CoreWeave went public, raising $1.5 billion. It was the largest AI-related listing by amount raised, according to Dealogic.

July 2025: CoreWeave to Acquire Core Scientific

In July 2025, Core Scientific agreed to be acquired by CoreWeave for $9 billion. CoreWeave projected that the acquisition would help avoid $10 billion in future lease obligations.

August 2025: Shareholder Opposition to Core Scientific Deal

In August 2025, reports surfaced that some of CoreWeave's major shareholders would vote against the Core Scientific deal.

2025: AI Hub Launch in New Jersey

In 2025, CoreWeave and Microsoft invested in launching AI Hub in New Jersey, which is a project by the New Jersey Economic Development Authority and Princeton University.

2025: UK Data Centers Operational

In 2025, CoreWeave announced that two new data centers in the UK hosting Nvidia Hopper (Nvidia H200) GPUs were operational, after beginning development on both in 2024.