CoreWeave is moving beyond infrastructure into investing, launching a ventures arm designed to back startups building the next wave of artificial intelligence platforms.
In a new press release, the firm unveils CoreWeave Ventures, an investment arm that will provide a mix of capital, compute-for-equity transactions, and access to its GPU-heavy cloud platform to help founders bring products to market faster.
Co-founder Brannin McBee says the project is designed to support founders pushing technical advancements.
“Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next class of innovation.”
The launch of the ventures arm comes as CoreWeave CEO Mike Intrator says that AI firms have an “insatiable” appetite for compute. According to Intrator, CoreWeave is in a strong position to service that demand.
“The companies that are building artificial intelligence, that are building the foundation models, that are integrating these models into the enterprise business community, they just cannot get enough compute to be able to serve their clients, to be able to train their models, to allow artificial intelligence to drive their businesses forward.
And with that behind us, with that tailwind, we are really well positioned to take advantage of that, across the capital markets, across the infrastructure markets, and with our partners and clients.”