March 31 (Reuters) – Cloud infrastructure firm CoreWeave has secured $8.5 billion in financing through a delayed-draw term loan facility to expand its artificial intelligence cloud platform, as demand for computing power continues to surge.
This brings the total equity and debt financing commitments secured by CoreWeave in the past 12 months to about $28 billion. Here are details from the company’s statement on Tuesday:
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Jonathan Ananda)
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