CoreWeave, Inc. (CRWV)

CoreWeave operates as a cloud infrastructure company purpose-built for artificial intelligence, positioning itself as "The Essential Cloud for AI" and serving customers ranging from leading AI research labs to enterprises deploying AI at scale. Its CoreWeave Cloud platform supports the full AI lifecycle—large-scale model training, inference, data movement, iteration, and agentic workflows—by combining proprietary software and orchestration (including CoreWeave Mission Control and Slurm on Kubernetes, or "SUNK"), advanced infrastructure, and managed cloud services within a secure environment. The company delivers its offerings through three categories: Infrastructure Services, Managed Software Services, and Application Software Services, the latter including proprietary storage solutions (such as Local Object Transport Accelerator, or LOTA), CoreWeave Mission Control, developer tools, and AI development products acquired through Weights & Biases, which provide model training, fine-tuning, serving, and agent evaluation capabilities; other recent acquisitions include Marimo (AI-native development notebooks), OpenPipe (reinforcement learning training platform), and Monolith (industrial simulation and machine learning).

CoreWeave's infrastructure includes a purpose-built network backbone connecting data centers across North America and Europe, GPU clusters using leading-edge NVIDIA, AMD, and Intel chips, and its CoreWeave Kubernetes Service for managing bare-metal GPU clusters. As of December 31, 2025, the company operated 43 data centers with over 850 MW of active power across six countries, with total contracted power capacity of approximately 3.1 GW. Customers primarily access the platform through multi-year, take-or-pay committed contracts, supplemented by an on-demand pay-as-you-go model; as of December 31, 2025, the company had $60.7 billion in remaining performance obligations, up from $15.1 billion a year earlier, with a weighted-average contract duration of approximately five years.

The company primarily finances infrastructure development through asset-level debt backed by take-or-pay contracts, supplemented by corporate equity and debt financing. Revenue grew from $229 million in 2023 to $1.9 billion in 2024 and $5.1 billion in 2025, while the company continued to invest heavily in infrastructure expansion, resulting in net losses of $594 million, $863 million, and $1.2 billion in those respective years. CoreWeave's go-to-market organization spans sales, marketing, field engineering, support, customer experience, partnerships, and revenue operations, serving customers across a variety of industries, geographies, and use cases including model training, agentic AI and inference, and specialized workloads, with continued international expansion focused on Europe.

As of December 31, 2025, the company had 2,189 employees, with the majority based in the United States.