Alternative clouds are booming as companies seek cheaper access to GPUs

The appetite for alternative clouds has never been bigger. Case in point: CoreWeave, the GPU infrastructure provider that began life as a cryptocurrency mining operation, this week raised $1.1 billion in new funding from investors including Coatue, Fidelity and Altimeter Capital. The round brings its valuation to $19 billion post-money, and its total raised to […]

© 2024 TechCrunch. All rights reserved. For personal use only.

access ai alternative began bigger billion capital case cloud coatue companies coreweave cryptocurrency enterprise fidelity funding gpu gpus infrastructure investors life mining new funding provider seek valuation