Cisco is investing in AI startup CoreWeave, valuing the company at $23 billion

From Nasdaq: 2024-10-03 18:46:02

Cisco Systems Inc. will invest in CoreWeave, a cloud-computing provider, in a deal valuing the company at $23 billion. CoreWeave, led by CEO Michael Intrator, is considering a secondary transaction allowing existing shareholders to sell up to $500 million of their stakes. This move highlights the growth potential in artificial intelligence startups.



Read more at Nasdaq: Cisco To Invest In AI Startup CoreWeave, Valuing Company At $23 Bln : Report