CoreWeave
shares jumped Tuesday on news that the cloud infrastructure company, which was one of the hottest IPOs of the year, launched a venture fund to invest in artificial intelligence startups.
CoreWeave, considered the largest publicly traded ‘neocloud’ name, offers cloud computing services specifically for AI workloads, such as providing Nvidia GPUs and high-performance storage to companies.
Its newly announced “CoreWeave Ventures” fund will offer founders an array of capital investment models, provide access to the CoreWeave cloud platform, and give insights on product and go-to-market strategies based on CoreWeave’s existing partnerships, the company said in a press release.
The shares gained 6% in premarket trading.
