Information Technology
CoreWeave Announces Significant European Expansion; Commits an Incremental $2.2 Billion to Meet Surging Demand for AI Infrastructure in the Region
This expansion will also help CoreWeave better serve its existing customers who are looking to expand their international footprint and provide critical computing power to accelerate AI progress across the region. The three new data centers will be powered by 100% renewable energy, and will create job opportunities across the region. CoreWeave is hiring across several key roles, including in engineering, operations, finance and go-to-market positions.
" Europe represents the next frontier for the AI industry and is an important milestone in the next phase of CoreWeave's growth," said Mike Intrator , Co-founder and Chief Executive Officer of CoreWeave. "We see enormous opportunity for CoreWeave in Europe – CoreWeave's GPU infrastructure will provide the European cloud market the computing solutions and tools needed to meet the growing demand for next generation AI applications. We see this as the first of what we hope to be several significant investments in the region as we continue to activate our vision of being the global AI hyperscaler of choice."
"CoreWeave's investments in Sweden will bolster critical AI infrastructure," said Johan Forssell , Swedish Minister for International Development Cooperation and Foreign Trade. "This is exactly the kind of infrastructure and data power that is a precondition for innovative companies in AI. We need to make sure Sweden and Europe take part in building these facilities in order to put us at the forefront of driving economic growth, innovation and productivity. This is also a huge vote of confidence in the Swedish technology sector and I am proud that the Swedish investment climate is attracting pioneering companies like CoreWeave."
"I am pleased that significant investments into AI infrastructure are being made on Norwegian ground," said Karianne Tung , Norwegian minister of Digitalization. "Hopefully this will contribute to more development and use of AI in Norway . As minister of digitalization, I am optimistic about the power of technology. Commercially based access to AI and supercomputing is one of the ways in which Norwegian business and industry can utilize this technology. Private investment into our technological infrastructure bolsters our position as a hub for technological development and AI. I am confident that this AI initiative will result in synergies between the investors and the thriving AI research and development environments in Norway ."
"The NVIDIA Blackwell platform and NVIDIA Quantum-2 InfiniBand networking, available through CoreWeave's platform, will help set a new standard for AI performance in Europe by making supercomputing more accessible," said Jaap Zuiderveld , Vice President of Sales and Marketing for Europe , the Middle East and India at NVIDIA. "NVIDIA's full-stack accelerated computing platform will empower companies with the performance needed to achieve rapid advancements in generative AI at scale."
Today's announcement builds on CoreWeave's significant momentum from the Company's recent UK expansion, $7.5 billion debt financing facility led by Blackstone Tactical Opportunities, a landmark $1.1 billion Series C in May 2024 , and a $2.3 billion debt financing facility in August 2023 . The three planned new data centers will add to CoreWeave's two data centers based in the UK.
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The Company's technology provides enterprises and leading AI labs with the most performant and efficient infrastructure accelerating the next era of computing. Since 2017, CoreWeave has operated a growing footprint of data centers covering every region of the US and across Europe . CoreWeave was ranked as one of the TIME100 most influential companies of 2024. Learn more at www.coreweave.com .
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