AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
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CoreWeave, an AI startup specializing in Nvidia GPUs, has completed a $650 million secondary share sale. Cisco and Pure Storage are among the new investors. CoreWeave plans to invest nearly $9 billion in data center capacity from Core Scientific.
November 13, 2024 | 5:15 pm
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Cisco has invested in CoreWeave's $650 million secondary share sale, indicating a strategic interest in AI and cloud services.
Cisco's investment in CoreWeave suggests a strategic interest in expanding its presence in AI and cloud services, which could positively impact its stock price in the short term.
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