The AI infrastructure company CoreWeave has officially filed for an IPO, aiming for a valuation of up to $35 billion after a year of explosive growth. From a cryptocurrency mining company, CoreWeave has transformed into a specialized cloud computing service provider for AI, seizing the booming trend of this technology.
From cryptocurrency mining to an 'AI machine'
#CoreWeave was founded in 2017 under the name Atlantic Crypto by three commodity traders Michael Intrator, Brian Venturo, and Brannin McBee. Initially, the company focused on mining Ethereum but decided to pivot to providing AI computing infrastructure in 2019.