Previous investors in CoreWeave have included Nvidia, Magnetar Capital, Coatue Management, Jane Street, and Fidelity.
Cisco Systems is planning to invest in GPU-cloud provider CoreWeave. As reported by Bloomberg, Cisco is set to invest in CoreWeave valuing the company at $23 billion.
Details of how much Cisco could invest have not been shared. In May of 2024, CoreWeave was valued at $19.1 billion, and just $7 billion last December. Bloomberg cites “people with knowledge of the matter,” adding that the deal is close to being completed.
Last month, CoreWeave began discussing a ‘secondary transaction’ that would allow existing shareholders to tender $400 million to $500 million of their holdings. The company is also considering an initial public offering as soon as next year.
Previous investors in CoreWeave have included Nvidia, Magnetar Capital, Coatue Management, Jane Street, and Fidelity. Earlier this year, CoreWeave raised $7.5 billion in debt from financiers led by Blackstone.
In August 2024, it was revealed that Blue Owl, Chirisa, and PowerHouse had created a $5 billion data centre joint venture that would largely be dedicated to building out data centres for CoreWeave.
That same month, CoreWeave hired executives from the likes of Google, Oracle, and AWS to help expand its data centre ambitions.
