CoreWeave was founded in 2017 by Michael Intrator, Brian Venturo, and Brannin McBee. In August 2024, Forge Global reported that CoreWeave is preparing for a potential IPO in 2025, driven by increasing demand for AI and cloud-based infrastructure.
CoreWeave is a cloud infrastructure company providing high-performance GPU-based solutions tailored for AI, machine learning, rendering, and other compute-intensive applications. Per Forge data, CoreWeave raised $650 million in funding in a November 2024 Secondary Transaction at a $23 billion valuation. Key investors include Blackrock, Cisco, Coatue, and Fidelity.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
CoreWeave announced a potential IPO with 2025 as a targeted date. “the company is preparing for a 2025 IPO as demand for AI and cloud-based infrastructure continues to increase. Investor interest is high for CoreWeave as evidenced by a $1.51B Series C funding round in May 2024 at a $19B valuation.” — Forge Globalon August 5, 2024.
CoreWeave announced a potential IPO with 2025 as a targeted date. “the company is preparing for a 2025 IPO as demand for AI and cloud-based infrastructure continues to increase. Investor interest is high for CoreWeave as evidenced by a $1.51B Series C funding round in May 2024 at a $19B valuation.” — Forge Globalon August 5, 2024.
Company Details
CoreWeave was founded in 2017 by Michael Intrator, Brian Venturo, and Brannin McBee. In August 2024, Forge Global reported that CoreWeave is preparing for a potential IPO in 2025, driven by increasing demand for AI and cloud-based infrastructure.
CoreWeave is a cloud infrastructure company providing high-performance GPU-based solutions tailored for AI, machine learning, rendering, and other compute-intensive applications. Per Forge data, CoreWeave raised $650 million in funding in a November 2024 Secondary Transaction at a $23 billion valuation. Key investors include Blackrock, Cisco, Coatue, and Fidelity.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
CoreWeave is a privately held company and is not publicly traded, therefore investing in CoreWeave pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
Can you sell shares of CoreWeave before it goes public?
You can seek to sell your shares in CoreWeave while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
What is the pre-IPO value of my CoreWeave shares?
To determine the value of your CoreWeave shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your CoreWeave shares. You can also learn more about how to sell your private shares before getting started.
Is CoreWeave a publicly traded company?
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
To learn more about CoreWeave potential IPO
Will CoreWeave go IPO?
CoreWeave has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
What is CoreWeave’s IPO price?
The CoreWeave IPO price does not exist at this time, as CoreWeave is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to CoreWeave register for Forge Markets, today.
When was CoreWeave founded?
CoreWeave was founded in 2017.
What is CoreWeave funding to date?
CoreWeave has raised $1.58B to date.
Who are CoreWeave’s major investors?
Goanna Capital
Jp Morgan Asset Management
Daniel Gross
Lykos Global Management
Dcvc
Ironarc Ventures
Investment Management Corporation of Ontario
Zoom Ventures
Nvidia
Undisclosed Investors
Nat Friedman
Claridge Venture Partners
Magnetar
Fidelity
Altimeter Capital
Other People's Capital
Magnetar Capital
Assured Asset Management
Coatue
Jane Street Capital
CoreWeave Major Investors
Goanna Capital
Jp Morgan Asset Management
Daniel Gross
Lykos Global Management
Dcvc
Ironarc Ventures
Investment Management Corporation of Ontario
Zoom Ventures
Nvidia
Undisclosed Investors
Nat Friedman
Claridge Venture Partners
Magnetar
Fidelity
Altimeter Capital
Other People's Capital
Magnetar Capital
Assured Asset Management
Coatue
Jane Street Capital
Show All InvestorsShow Fewer Investors
CoreWeave Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
05/30/2024
Series C
$1.15B
$xx.xx
$19B
Altimeter Capital, Coatue, Fidelity, Lykos Global Management, Magnetar
Price per Share
$xx.xx
Shares Outstanding
1,476,156
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
10.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, Coatue, Fidelity, Lykos Global Management, Magnetar
05/31/2023
Series B-1
$5.01MM
$xx.xx
$2.4B
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
Price per Share
$xx.xx
Shares Outstanding
624,227
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
05/31/2023
Series B
$421MM
$xx.xx
$2.4B
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
Price per Share
$xx.xx
Shares Outstanding
3,774,782
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
While a lot of investor and media focus has been on the AI industry and its continued growth and funding, the trend could also signal a positive outlook for IPOs. According to Forge’s November Private Market Update, China based autonomous driving technology company WeRide went public in the U.S. at a valuation of over $4 billion in October. And another Chinese autonomous driving company, Pony AI also filed in the U.S. last month. These developments came at the same time San Francisco-based Omada Healthreportedly filed for an IPO confidentially.
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Updated on: Dec 23, 2024
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‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.
