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CoreWeave

coreweave.comadded 2026-09-02
Growth discipline at scale: from crypto-mining pivot to AI cloud infrastructure, revenue went from tens of millions to a ~$10B+ run-rate within a few years — one of the fastest-growing companies in this AI infra wave● Hiring

Worth-Joining Index · Scorecard

v2.1 ALPHA · 2026-08

Career Score

72/100

Coverage

79%

Verified

33%

Stage cohort

Late

Vibe Check

🎪 community voting coming soon

Momentum
12.5/16
Efficiency
6/6
Backing
4/5
Market
8.8/11
Product
7.7/11
Upside
7.5/16

Latest valuation

$48.1B market cap (public, 2026-08)

IPO · 2025-03

ARR run-rate

~$10.3B ARR run-rate

AI云计算GPU基础设施Founded · 2017Stage · Late Stage (Public)HQ · Livingston, New Jersey

Traction · Key numbers

ARR run-rate~$10.3B ARR run-rate (Q2 2026 revenue $2.58B x4, public company revenue)Public company quarterly revenue of $2.58B annualized; not a company-reported ARR metric. Publicly verifiableas of 2026-08
营收增速112% YoY revenue growth (Q2 2026 vs Q2 2025)Q2 2026 revenue $2.58B vs $1.21B in Q2 2025. Publicly verifiableas of 2026-08
Valuation paceMay 2024 Series C $19B → Nov 2024 secondary $23B → Mar 2025 IPO $23B → Aug 2026 market cap $48.1B Publicly verifiableas of 2026-08
Customer concentrationMicrosoft alone is roughly two-thirds of revenue; top two customers together 77% Publicly verifiableas of 2025-03

Funding

Rounds

3

Valuation pace

IPO at $23B

$1.5B

IPO · 2025-03 · valuation $48.1B market cap (public, 2026-08)

Listed on Nasdaq as CRWV, 37.5M Class A shares at $40/share

$650M

Secondary Transaction · 2024-11 · valuation $23B

With: BlackRock, Cisco, Coatue, Fidelity

C

$1.1B

Series C · 2024-05 · valuation $19B post

Accompanied by a $7.5B debt facility led by Blackstone, Magnetar, and Coatue

Growth discipline at scale: from crypto-mining pivot to AI cloud infrastructure, revenue went from tens of millions to a ~$10B+ run-rate within a few years — one of the fastest-growing companies in this AI infra wave

Valuation roughly doubled post-IPO ($23B IPO → $48.1B market cap now), signaling public markets are pricing in the scarcity value of its GPU capacity

But the capital structure is heavy: GPU purchases are financed largely through debt, losses keep widening — this is a leveraged, capital-intensive infrastructure business, not a high-margin software story

Founders

Michael Intrator CEO

Former commodities trader and co-founder/CEO of Hudson Ridge Asset Management; co-founded CoreWeave in 2017

Brian Venturo Chief Strategy Officer

Co-founder, now Chief Strategy Officer

Brannin McBee Co-founder

Co-founder, part of the early core team

Reality · Working here

H1B / PERMUnknown
Remote policyUnknown
Comp modelUnknown
GlassdoorUnknown — work here? Help us fill this in →
Equity liquidityUnknown
Hiring statusCompany careers page shows active hiring across the US HQ plus Europe, Canada, and APAC roles Company-claimedas of 2026-09

Signals & Risks

CustomersMicrosoftNvidia
CompetitorsAWSGoogle CloudMicrosoft AzureLambda Labs
Customer ConcentrationMicrosoft alone is ~two-thirds of revenue, top two customers 77% of sales — major bargaining-power and renewal risk
Profitability$863M net loss in 2024; heavy GPU capex and debt-servicing costs continue to weigh on profitability
Vendor DependencyBusiness is highly dependent on Nvidia GPU supply and Nvidia's ~5% equity stake; supply chain or partnership shifts pose major risk

Editorial ✎

Good fit for

· Infra/systems engineers who like bare metal, network topology, and GPU cluster scheduling rather than CRUD business logic

· People who want to operate at true hyperscale production pressure — this is tens-of-thousands-of-GPU scale, not demo scale

· Anyone curious about AI infra supply chains and capital markets — the company itself is a living case study in GPU economics

Not for

· Anyone wanting consumer-facing product work — this is almost entirely B2B infrastructure with no consumer product surface

· Anyone sensitive to financial health and cash flow risk — sustained heavy losses and high leverage are unavoidable realities here

Ask in the interview

1. Microsoft is roughly two-thirds of revenue — what's the contingency if Microsoft builds in-house or diversifies suppliers?

2. Does the equity/supply relationship with Nvidia constrain your pricing power and long-term margins?

3. Given the current debt load and capex pace, when do you expect to reach positive free cash flow?

Data changelog

Community corrections → editorial review → applied, fully on the record

2026-09-02
最近一轮估值 filled in as $48.1B market cap (public, 2026-08)

data as of 2026-08 · Source: Investing.com earnings call transcript

Publicly verifiable
2026-09-02
收入增速 filled in as 112% YoY revenue growth (Q2 2026 vs Q2 2025)

data as of 2026-08 · Source: Investing.com earnings call transcript

Publicly verifiable
2026-09-02
ARR / 年化收入 filled in as ~$10.3B ARR run-rate (Q2 2026 revenue $2.58B x4, public company revenue)

data as of 2026-08 · Source: Investing.com earnings call transcript

Publicly verifiable
Spot an error? Submit a correction → — you can correct facts, never negotiate scores.

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