The North American provider of data centers for artificial intelligence is valued at $19 billion.
Investment in new data centers in Spain does not stop. The latest to reveal its plans has been the North American start-up CoreWeave, specialized in data centers for artificial intelligence, which has announced its intention to build three nnew data centers in Norway, Sweden and Spain by the end of 2025.
The group wants to strengthen its presence in Eur
Investment in new data centers in Spain does not stop. The latest to reveal its plans has been the North American start-up CoreWeave, specialized in data centers for artificial intelligence, which has announced its intention to build three nnew data centers in Norway, Sweden and Spain by the end of 2025.
The group wants to strengthen its presence in Europe for what it has planned invest 2.2 billion dollars (2,000 million euros), as reported in a statement. The company had recently committed $1.3 billion to two facilities in the United Kingdom, where it has its European headquarters, which would bring the total investment in the region to $3.5 billion.
This announcement comes in the midst of an offensive by large technology companies to open their own data centers in Spain. Amazon, Microsoft, Google and Meta have announced infrastructure investment plans worth 21 billion euros in recent years. The last was Amazon, which a few weeks ago reported that it will allocate 15.7 billion in Aragon until 2033 to expand its cloud computing capabilities.
Founded in New Jersey (USA) in 2017 by former energy traders and cryptocurrency miners, CoreWeave is part of a new wave of startups offering cloud computing adapted to AI. Unlike Microsoft or Amazon, which offer a broader range of services, CoreWeave data centers serve a specific niche of customers with ultra-high-performance computing demands.
Thanks to its privileged relationship with Nvidiawhich is among its major investors, the startup has access to the group’s coveted stash of graphics processing units (GPUs), including the in-demand H100 and upcoming B200, running within its data centers.
In the last year and a half, CoreWeave has almost tripled its valuation from $7 billion to $19 billion, driven by the artificial intelligence boom. In the first half of 2023 it raised more than $420 million in capital, and a few months later another $2.3 billion in debt financing. Last month it closed two other agreements to obtain 7.5 billion in debt and 1.1 billion in financing, the latter led by the venture capital giant Coatue.
