New Jersey-based CoreWeave, which rents out chips to help create AI systems, raised $1.1B led by Coatue at a $19B valuation, five months after raising $642M (Asa Fitch/Wall Street Journal)

Asa Fitch / Wall Street Journal:

New Jersey-based CoreWeave, which rents out chips to help create AI systems, raised $1.1B led by Coatue at a $19B valuation, five months after raising $642M  —  Company raises $1.1 billion from investors including Fidelity, Magnetar Capital  —  CoreWeave, a cloud-computing company backed by Nvidia …

ai systems chips coatue coreweave create five journal new jersey street systems valuation wall street wall street journal