CoreWeave, a New Jersey-based startup valued at $19 billion, has announced the opening of its new European headquarters in London, marking a significant step forward in its global expansion. Additionally, the company revealed plans to inaugurate two data centers in the UK before the end of the year, as part of a $1.25 billion investment, the firm’s first outside of the United States.
Founded in 2017, CoreWeave specializes in providing cloud computing infrastructure focused on artificial intelligence, offering access to graphics processing units (GPUs) that are essential for developing AI applications. These resources are crucial for processing data and running machine learning models, making it easier for developers to perform complex and costly computational tasks.
The company is known for its ability to provide on-demand and large-scale processing power, positioning it as one of the leading companies in the GPU cloud space. The recent $1.1 billion investment has nearly tripled its valuation since December, reflecting the accelerated interest in artificial intelligence infrastructure.
The UK, renowned for its strong investment in AI R&D, is positioned as a strategic location for CoreWeave. Companies like Google with its subsidiary DeepMind, and Microsoft with recent multi-million dollar investments, have also established significant AI operations in London, showcasing the vitality of the British capital as a key technological hub.
CoreWeave’s new headquarters, located near Brick Lane in East London, aims to hire approximately 30 employees for roles ranging from software engineering to operations and finance. With the opening of the two new data centers in the UK, CoreWeave will increase its global number of facilities to 28, providing localized computing infrastructure promising lower latency and higher performance applications for businesses in the region.
“The unprecedented demand for AI infrastructure and the importance of London as an AI hub are key factors in our decision to invest here,” said Mike Intrator, CEO and co-founder of CoreWeave. “Expanding our physical footprint in the UK is a major milestone in CoreWeave’s next growth phase,” he added.
This move not only strengthens CoreWeave’s presence in the international market but also underscores the growing importance of AI infrastructure solutions in the face of rapidly advancing technology and increasing global cyber challenges.
Source: TechCrunch