Simpson Thacher represented Coatue as the lead investor in a $1.1 billion Series C funding round in CoreWeave, Inc. (“CoreWeave”), a specialized GPU cloud provider.
CoreWeave delivers a range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more. CoreWeave will use the funds to support the rapid growth across the business and expand into new geographic regions to meet the demand for GPU accelerated cloud infrastructure worldwide.
The Simpson Thacher team included Ben Heriaud, Richard Ragusa, Melissa Lewis and Sofia Elkina (Capital Markets); Russell Light and Elizabeth Trask (Tax); Andrew Kofsky (Labor); J. Pasco Struhs (Executive Compensation and Employee Benefits); and Bobbie Burrows (Intellectual Property).