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L2 · Cloud & VirtualizationCRWV

CoreWeave

AI hyperscaler providing GPU cloud compute for large-scale AI training and inference.

Updated May 2026

Overview

Founded
2017
Headquarters
Livingston, NJ
Ownership
Public
Segment
GPU Cloud / AI Compute

Product overview

CoreWeave offers GPU compute, high-performance storage, networking, managed Kubernetes/Slurm services, and platform tools optimized for AI workloads on bare-metal NVIDIA GPUs. Key customers include OpenAI, Microsoft Azure, Meta, Mistral AI, IBM, and Jane Street. It differentiates via hypervisor-free architecture for superior performance, advanced cluster health automation (96% goodput), 24/7 expert support, and early NVIDIA GPU access, outperforming hyperscalers in AI reliability and speed.

Revenue model

À la carte on-demand GPU pricing (e.g., A100 80GB $2.21/hr GPU-only, H100 PCIe $4.25/hr, 8x H100 HGX ~$49/hr total; full instances $3+/hr) plus CPU/RAM/storage ($0.015-$0.06/GB/mo); up to 60% discounts for commitments; primary revenue from 4-6 year fixed-price enterprise contracts with prepayments.

Moat

CoreWeave's competitive moat is built on specialized bare-metal GPU infrastructure optimized for frontier AI model training, combined with long-term committed contracts (96% of 2024 revenue) that create predictable cash flows for capital-intensive expansion. This is reinforced by early access to cutting-edge NVIDIA hardware, proprietary software integration (Mission Control platform and Weights & Biases acquisition), and customer lock-in through switching costs—as technically sophisticated frontier labs become dependent on CoreWeave's homogeneous GPU clusters and integrated AI lifecycle management tools.

Stack lineage

What powers CoreWeave

L4Models
  • Cohere

    Used Cohere North to transform its customer support in 90 days

L1Silicon
  • NVIDIA

    Deploy industry's most advanced hardware including NVIDIA GB200 and GB300 NVL72 systems; also uses NVIDIA Quantum-X800, Quantum-2 InfiniBand, and Spectrum-X networking.

  • Intel

    CoreWeave clusters also use cutting edge CPUs, including AMD and Intel chips, to power compute-intensive projects.

  • AMD

    CoreWeave clusters also use cutting edge CPUs, including AMD and Intel chips, to power compute-intensive projects.

L0Infrastructure
  • Vertiv Holdings Co

    Examples of companies in this space [Neocloud] include CoreWeave and Nebius.

What CoreWeave powers

L4Models
  • Together AI

    Together relies on large-scale GPU cloud capacity similar to GPU cloud providers

Acquired by CoreWeave

1 company

Companies CoreWeave has acquired.

L4Models
  • Weights & Biases

    With Weights & Biases (acquired by CoreWeave in 2025), we provide a comprehensive, proven AI development platform and cutting-edge tools for AI development.