Overview

• Shares rose as much as about 9% in morning trading after the company announced CoreWeave Ventures.
• The initiative offers capital plus access to CoreWeave’s AI‑optimized cloud, production‑grade testing clusters, and go‑to‑market guidance.
• Founders can engage via direct investment or compute‑for‑equity and as technology partners; the program is led by co‑founder Brannin McBee, funded from the balance sheet, with check sizes McBee said could reach seven to nine figures.
• CoreWeave says it has already backed nine startups, and last week it agreed to acquire OpenPipe to bring agent tooling closer to its platform.
• Context for investors includes Q2 revenue of $1.21 billion and a $30.1 billion backlog alongside margin pressure and heavy near‑term costs tied to ramping capacity toward roughly 900MW.