CoreWeave

CoreWeave is a leading GPU-first cloud platform that specializes in providing on-demand GPU compute resources for businesses and developers. Founded in 2017, the company initially focused on Ethereum mining but pivoted to deliver high-performance computing solutions as demand surged with the rise of generative AI. With a robust infrastructure spanning seven global facilities, CoreWeave has positioned itself as the largest private provider of GPUs in North America, boasting an impressive inventory of 45,000 GPUs, including the latest Nvidia H100 Tensor Core GPUs.

In 2024, CoreWeave achieved remarkable growth, reporting $1.9 billion in revenue—up 730% from the previous year—and projecting $8 billion for 2025. The company has secured significant contracts, with $10 billion of its $17 billion in booked contracts coming from a multi-year deal with Microsoft. This strategic partnership, along with a favorable relationship with Nvidia, allows CoreWeave to offer superior GPU availability compared to major competitors like AWS and Google Cloud, which often face resource shortages.

CoreWeave's business model operates on a pay-as-you-go basis, allowing customers to scale resources flexibly while enjoying high gross margins of around 85%. As the demand for AI and machine learning continues to grow, CoreWeave is committed to enhancing its platform and expanding its offerings, ensuring it remains at the forefront of the GPU cloud services market.