CoreWeave
CoreWeave is a publicly traded AI-native cloud infrastructure provider that leases NVIDIA GPU compute, storage, and networking to hyperscalers, AI labs, and enterprises, operating 49 data centers with a $99.4B contracted backlog as of March 2026.
- Company typePublic
- Founded2017
- HeadquartersLivingston, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What CoreWeave does
CoreWeave is an AI-native cloud infrastructure provider that leases NVIDIA GPU compute capacity to enterprises building and deploying artificial intelligence systems. The company was founded in 2017 as an Ethereum mining operation, pivoted to GPU cloud services, completed its IPO on Nasdaq (CRWV) in March 2025, and was added to the Nasdaq-100 Index in June 2026. CoreWeave's platform spans NVIDIA Blackwell, Hopper, Ada, and Vera Rubin GPU architectures deployed on bare-metal Kubernetes with liquid-cooled data centers, high-speed InfiniBand networking, and exabyte-scale AI-native storage, supported by proprietary orchestration tools (CoreWeave Kubernetes Service, SUNK scheduler, Mission Control) and inference optimizations (Tensorizer, LOTA storage accelerator).
CoreWeave serves hyperscale technology companies (Microsoft, Meta, IBM), frontier AI labs (OpenAI, Anthropic, Mistral AI, Cohere), financial services firms (Jane Street), and AI-focused startups across North America and Europe. Revenue is generated primarily through usage-based and reserved-capacity GPU compute contracts, supplemented by storage services and managed support; major customers commit via multi-year take-or-pay agreements, with ten customers now spending over $1 billion each on the platform. Reported revenue backlog stood at approximately $99.4 billion as of March 2026, with Q1 2026 revenue of $2.078 billion (up 112% year-over-year) and full-year 2026 guidance of $12-13 billion.
The go-to-market is exclusively direct enterprise sales targeting customers requiring multi-billion-dollar GPU capacity commitments, supported by technical solution architects and 24/7 direct-to-expert engineering teams. Infrastructure footprint includes 49 data centers with 1GW+ active and 3.5GW+ contracted power capacity, financed in part through $25B+ in debt facilities — including the first investment-grade rated GPU-backed loan (A3/A-low). Strategic investors include NVIDIA, which holds ~47.2M shares worth ~$3.66B and committed $2B in January 2026 alongside a capacity off-take agreement through 2032.
CoreWeave firmographics
Firmographics- Name
- CoreWeave
- Legal name
- CoreWeave, Inc.
- Website
- https://coreweave.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- CoreWeave is a publicly traded AI-native cloud infrastructure provider that leases NVIDIA GPU compute, storage, and networking to hyperscalers, AI labs, and enterprises, operating 49 data centers with a $99.4B contracted backlog as of March 2026.
- Ownership category
- akta.pro rank
CoreWeave industry classification
Industry- Product category
- AI Cloud Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373), Computer Storage Devices (3572)
- akta.pro primary industry
- AI Compute Cloud & GPU-as-a-Service (HDAAAAAK)
- akta.pro secondary industries
- GPU-Accelerated & AI Training/Inference Servers (HDACABAG), AI Compute Virtualization & Scheduling (GPU virtualization, cluster schedulers) (HDAAAAAG), AI Networking for Clusters (InfiniBand/Ethernet/RDMA) (HDAAAAAE), AI Accelerators (GPUs/TPUs/NPUs/ASICs) (HDAAAAAA)
Keywords
Where CoreWeave is headquartered
LocationHeadquarters
- HQ city
- Livingston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
CoreWeave business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Infrastructure, Technology or R&D, Supply Chain, Operations, Personnel
Revenue model
- GPU Cloud Compute Services: Leasing of NVIDIA GPU compute capacity on bare-metal infrastructure through on-demand and reserved capacity contracts. Revenue is earned through hourly compute pricing with contracted customers committing to multi-year capacity reservations. Major customers include hyperscalers (Microsoft, Meta, OpenAI) and AI labs (Anthropic, Mistral AI) with reported revenue backlog of approximately $99.4 billion as of March 2026.
- Storage Services: AI Object Storage, Distributed File Storage, and dedicated storage solutions with per-usage pricing. CoreWeave offers zero egress fees for data transfers, with revenue tied to storage volume and throughput utilization. A $335 million multi-exabyte deal with Backblaze represents a significant storage partnership.
- Managed Services and Support: Professional support services including direct-to-expert technical support, deployment assistance, and infrastructure management. CoreWeave provides 24/7 expert support with dedicated engineering teams as part of its AI-native cloud platform offering.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | NVIDIA HGX H100/H200 starting at $2.23/hr for 2-year reserved contracts |
| Usage-based | Pay-as-you-go | AI Object Storage with usage-based billing and automated tiering |
| Subscription | Annual | CoreWeave Capacity Plans for guaranteed capacity with flexible pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels10 records
CoreWeave product offering
Product offeringCore offering
CoreWeave provides AI-native cloud infrastructure delivering NVIDIA GPU compute (Blackwell, Hopper, Ada, Vera Rubin), bare-metal Kubernetes, high-performance storage, and InfiniBand networking for large-scale AI training, inference, and agentic AI workloads. The platform is purpose-built for frontier AI customers and is sold through multi-year capacity reservations and enterprise contracts.
Product overview
CoreWeave is The Essential Cloud for AI™, offering an AI-native platform of technology, tools, and teams fully integrated and purpose-built for AI workloads. The platform architecture consists of foundational GPU compute infrastructure (NVIDIA Blackwell, Vera Rubin, H100/H200 GPUs) supporting AI Training, AI Inference, and Agentic AI capabilities, combined with purpose-built storage (AI Object Storage with LOTA, Distributed File Storage, Dedicated VAST Storage), high-performance networking (NVIDIA Quantum InfiniBand, Virtual Private Cloud, Direct Connect), and intelligent orchestration tools (CoreWeave Kubernetes Service, Mission Control, SUNK). Additional platform services include CoreWeave ARENA for production validation, CoreWeave Observe for observability, CoreWeave Sandboxes for isolated testing, and Serverless RL. The platform differentiates through bare-metal performance (no virtualization overhead), up to 96% cluster goodput, and tight integration with NVIDIA across multiple GPU generations. CoreWeave also offers the Zero Egress Migration (0EM) Program for data migration from other clouds.
Differentiator
Problem solved
Functional benefit
Brands
- CoreWeave Cloud: The company's AI-native cloud platform providing GPU compute, storage, and networking services for AI workloads.
- CoreWeave ARENA
- Mission Control
- CoreWeave Kubernetes Service (CKS)
- AI Object Storage
Products and services
- GPU Compute
Quantifiable outcome
- 20% higher GPU cluster performance (MFU) versus hyperscalers
- +8 more outcomes
Companies that use CoreWeave
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles5 records
CoreWeave technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability13 records
Feature9 records
CoreWeave partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, minor and flagship.
- ConaptocoreCo-location partnership with Swedish data center operator Conapto for European AI cloud expansion. Partnership covers two campuses in Stockholm, Sweden powered by renewable energy with NVIDIA Blackwell and Quantum-X800 InfiniBand infrastructure.
- ConaptocoreExtended European footprint to eight sites through Conapto co-location agreement. Stockholm 4 South site (32MW IT capacity) now operational with renewable energy powering CoreWeave's European AI cloud services.
- Backblazecore$335 million multi-exabyte storage agreement for Backblaze to provide HDD-based storage capacity supporting CoreWeave's AI Object Storage infrastructure. Deal spans five and seven-year terms with equity warrants for up to 4.19 million Backblaze shares.
- Dell TechnologiescoreDell serves as server supplier for NVIDIA Vera Rubin deployments, providing liquid-cooled Dell PowerEdge XE9812 servers. CoreWeave became first company to ship Vera Rubin-based systems through Dell partnership.
- BattleBotsminorOfficial AI Cloud Partner and Platinum Sponsor of BattleBots Pro League 2026-2027. Sponsorship positions CoreWeave with global community of engineers, builders, and technical decision-makers, including an Innovation Award sponsorship.
- Jane Streetcore$6 billion AI cloud agreement ($5 billion in AI cloud services and $1 billion in equity investment). Jane Street leverages CoreWeave for quantitative research and machine learning workloads with $7 billion total commitment.
- NvidiaflagshipCore strategic partnership with Nvidia as preferred cloud partner and early investor. Nvidia invested $2 billion in CoreWeave and holds approximately 47.2 million shares worth $3.66 billion. Nvidia also committed to purchasing excess CoreWeave compute capacity through 2032. CoreWeave is Nvidia's first cloud provider to deploy GB200 and GB300 NVL72 systems, with exclusive early access to Vera Rubin platform.
- Meta Platformsflagship$21 billion multi-year commitment for AI cloud services, representing one of CoreWeave's largest customer contracts. Meta leverages CoreWeave's GPU infrastructure for AI and ML workloads at scale.
- MicrosoftcoreMulti-billion dollar committed contracts for GPU cloud services as part of Microsoft's AI infrastructure expansion. Microsoft relies on CoreWeave for specialized GPU compute capacity.
- OpenAIflagship$11.9 billion five-year agreement for AI cloud compute services. CoreWeave has been one of OpenAI's earliest and largest compute partners, supporting the development of models including GPT-4 and ChatGPT.
- AnthropiccoreMulti-year agreement for AI cloud services supporting Anthropic's Claude AI model development and deployment. CoreWeave enables Anthropic's AI safety research through dedicated GPU capacity.
- IBMcoreAI infrastructure partnership for IBM Granite models, achieving 80% performance increase for IBM AI workloads. IBM leverages CoreWeave's NVIDIA GPU clusters and AI-native orchestration for enterprise AI deployments.
- Mistral AIcoreStrategic partnership where Mistral AI trained 100% on CoreWeave Cloud, achieving 2.5x faster training speeds on NVIDIA GB200s. CoreWeave enabled Mistral to cut training time in half for open-source reasoning models.
- Core Scientificcore590 MW colocation contract with Core Scientific (formerly Bitcoin miner pivoting to AI) valued at approximately $850 million in average annual run-rate revenue over 12 years. Core Scientific provides data center capacity for CoreWeave's GPU infrastructure.
- Applied DigitalcoreLong-term lease agreements with Applied Digital for 400 MW at Polaris Forge 1, representing approximately $11 billion in anticipated contracted lease revenue. Applied Digital provides AI data center capacity supporting CoreWeave's infrastructure expansion.
- VAST DatacoreStorage partnership with VAST Data providing dedicated storage clusters on CoreWeave's platform. VAST Data's AI Operating System integrated into CoreWeave's storage offerings.
- Aston Martin F1 TeamminorPioneering the Possible partnership combining CoreWeave's AI cloud with Aston Martin's F1 racing technology. Partnership focuses on innovation at the intersection of precision engineering and cloud computing.
Scale indicators15 records
Recent moves11 records
Expansion highlights6 records
CoreWeave competitors and assessment
Company assessmentDirect peers
- Nebius Group: Nebius is the closest direct competitor: a pure-play AI cloud provider built on NVIDIA GPUs serving AI labs and enterprises. NVIDIA also invested $1B-$2B in Nebius (parallel to its CoreWeave investment), making them near-perfect structural twins in product, customer, and capital structure.
- Lambda Labs: Lambda is a GPU cloud provider specializing in AI training and inference on NVIDIA hardware, serving AI labs, researchers, and enterprises. Same core customer base (AI developers) and same technology stack (NVIDIA GPUs, Kubernetes orchestration), competing for similar hyperscale and enterprise AI workloads.
- Crusoe Energy: Crusoe operates large-scale GPU data centers initially built for crypto mining and now pivoted to AI cloud services on NVIDIA hardware. Comparable business model (purpose-built GPU colocation for AI), and an emerging competitor to CoreWeave in the AI-native cloud segment.
Emerging players
- Together AI: Together AI operates an AI cloud platform focused on open-source model inference and training. While more focused on inference and the open-source model ecosystem than CoreWeave's broader training-and-inference mix, it competes for the same AI developer customer base and offers infrastructure as a substitute.
Broad incumbents
- Amazon Web Services (AWS): AWS is the dominant general-purpose cloud with significant NVIDIA GPU capacity plus custom Trainium chips. CoreWeave explicitly positions against AWS on AI-specific performance and TCO (citing 54% lower TCO, 20% higher GPU cluster performance), making AWS the primary incumbent competitor.
- Microsoft Azure: Azure is one of CoreWeave's largest customers (multi-billion committed contracts) and also a major competitor via its own NVIDIA GPU instances and Maia accelerators. The dual customer-competitor relationship makes Azure both a key revenue source and a structural competitive threat.
- Google Cloud Platform: Google Cloud competes in AI infrastructure via custom TPU chips and NVIDIA GPU instances, serving many of the same enterprise and AI lab customers CoreWeave targets. While CoreWeave has won deals against GCP, Google remains a significant AI cloud incumbent competing for the same workloads.
- Oracle Cloud Infrastructure: Oracle has built a large AI-focused cloud business targeting enterprise customers with NVIDIA GPU clusters. While Oracle's broader portfolio is enterprise databases and SaaS, its OCI bare-metal GPU clusters directly compete with CoreWeave for enterprise AI training and inference workloads.
Others
- Applied Digital: Applied Digital is a CoreWeave data center partner (400MW Polaris Forge 1 lease, ~$11B anticipated contracted revenue). While traditionally a data center operator rather than a GPU cloud provider, it is now expanding into AI cloud services itself, making it an emerging adjacent peer / partner that could transition to competitor.
- Vast Data: VAST Data is a storage technology partner (dedicated VAST clusters on CoreWeave) and an emerging competitor in the AI data platform space. VAST's AI Operating System overlaps with parts of CoreWeave's storage and orchestration stack, making it an adjacent ecosystem participant that could evolve into a more direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CoreWeave social profiles
Digital presenceCoreWeave compliance and trust
Trust signalCompliance4 records
CoreWeave financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoreWeave leadership team
Management profileNumber of profiles
Profiles9 records
CoreWeave funding detail
Funding detailFunding overview
Funding rounds28 records
Investors55 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoreWeave M&A and investment
M&A and investmentM&A6 records
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoreWeave
What does CoreWeave do?
CoreWeave provides AI-native cloud infrastructure delivering NVIDIA GPU compute (Blackwell, Hopper, Ada, Vera Rubin), bare-metal Kubernetes, high-performance storage, and InfiniBand networking for large-scale AI training, inference, and agentic AI workloads. The platform is purpose-built for frontier AI customers and is sold through multi-year capacity reservations and enterprise contracts.
Is CoreWeave a public or private company?
CoreWeave is a public company. It is classified as public and is currently operating.
When was CoreWeave founded?
CoreWeave was founded in 2017. It employs 1,001 to 5,000 people.
Where is CoreWeave based?
CoreWeave is headquartered in Livingston, United States, in the North America region.
How does CoreWeave make money?
Three revenue lines are on record. GPU Cloud Compute Services are the primary driver. The others are storage Services and managed Services and Support.
Who are CoreWeave's main competitors?
Direct peers on record are Nebius Group, Lambda Labs and Crusoe Energy. Together AI is listed as an emerging player. Broad incumbents are Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform and Oracle Cloud Infrastructure. Others are Applied Digital and Vast Data.
Does CoreWeave have an API?
Yes. CoreWeave offers a public API that can be integrated with MLOps platforms such as Weights & Biases and Run:ai by pointing their SDKs or control planes to CoreWeave's Kubernetes service and S3-compatible object storage. The platform also supports integrations with Slurm workload orchestration and provides S3-compatible object storage API. Developer documentation is at docs.coreweave.com.
What industry is CoreWeave in?
CoreWeave's product category is AI Cloud Infrastructure. Its primary akta.pro industry code is HDAAAAAK, AI Compute Cloud & GPU-as-a-Service, with a secondary code of HDACABAG, GPU-Accelerated & AI Training/Inference Servers. Its NAICS code is 518 and its SIC code is 7373.