Key facts
- Results: Revenue for the second quarter of 2026 was US$2.58bn, up from US$1.21bn a year earlier, with revenue backlog of about US$104bn at 30 June 2026.
- Scale: Revenue was US$5.1bn in 2025, up from US$1.9bn in 2024, and CoreWeave had 2,189 employees at 31 December 2025, 222 of them in 19 countries outside the United States.
- Capacity: At 30 June 2026 CoreWeave had about 1.5 GW of active power and about 3.7 GW of contracted power.
- Acquisitions: CoreWeave has bought Weights & Biases, OpenPipe, Marimo and Monolith AI.
- Hardware: CoreWeave completed the first bring-up and validation of NVIDIA Vera Rubin NVL72 systems in the second quarter of 2026.
- Capital: Coatue led a US$1.1bn Series C in May 2024, and CoreWeave listed on Nasdaq in March 2025 in a US$1.5bn offering of 37.5 million shares at US$40.
Focus areas
About
CoreWeave runs a cloud platform built for AI, renting large GPU clusters with the storage, networking and software that AI labs and enterprises need to train and serve models. Founded in 2017 in New Jersey, the company is headquartered in Livingston and listed on Nasdaq. It added model development and experiment tracking tools through the purchase of Weights & Biases and other software companies. Second-quarter 2026 revenue reached US$2.58bn, and customers include Bentley Systems, Caterpillar, Grammarly and Isomorphic Labs.
How they use AI
CoreWeave supplies the compute that AI runs on, from NVIDIA GPU clusters, including early Vera Rubin NVL72 systems, to managed Kubernetes and Slurm scheduling (SUNK). Its software layer, including Weights & Biases tools now under CoreWeave, tracks experiments, evaluates models and monitors agents. In 2026 it extended SUNK to other clouds and launched LOTA Cross-Cloud for near-local data access across clouds.
Products and services
- CoreWeave Cloud — GPU compute, storage and networking for AI training and inference
- SUNK — Slurm on Kubernetes for scheduling large AI training jobs, now available anywhere
- Weights & Biases — Experiment tracking, model evaluation and agent monitoring tools
- LOTA Cross-Cloud — Near-local data access across clouds, with zero-egress migration
Notable customers / partners
- Bentley Systems
- Caterpillar
- Grammarly
- Isomorphic Labs
- Sunday Robotics
Key people
- Michael Intrator — Co-founder, Chief Executive Officer and President
- Brian Venturo — Co-founder and Chief Strategy Officer
- Brannin McBee — Co-founder and Chief Development Officer
- Peter Salanki — Co-founder and Chief Technology Officer
- Nitin Agrawal — Chief Financial Officer