cloud infrastructure

GPU cloud infrastructure provider CoreWeave has completed a $1.1 billion Series C funding round, led by Coatue

ChainCatcher news, according to PR Newswire, AI-focused cloud service provider CoreWeave announced the completion of a $1.1 billion Series C funding round, led by Coatue, with participation from Magnetar (the main investor in the previous round), Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.It is reported that the new funding will be used to support the rapid growth of CoreWeave's various business areas and to expand into new regions to meet the ongoing explosive demand for GPU-accelerated cloud infrastructure worldwide. CoreWeave co-founder and CEO Mike Intrator stated that CoreWeave's position as a key infrastructure provider for AI development is continuously strengthening, and the ongoing trust from high-level investors validates the tremendous opportunities in defining the next generation of cloud computing.As businesses increasingly recognize the potential of AI to enhance efficiency, productivity, expand revenue, reduce costs, and drive growth and innovation at a strategic level, organizations of all sizes and across various industries are racing to deploy large-scale AI solutions, driving an explosive demand for powerful, scalable infrastructure. Traditional cloud providers' generic infrastructure cannot meet the large-scale parallel processing capabilities and memory requirements needed for AI workloads.

The decentralized GPU cloud infrastructure Aethir will launch its node public sale on March 20

ChainCatcher news, according to official sources, the decentralized GPU cloud infrastructure Aethir will launch the public sale of its first network available node, the "Check Node." ATH is the native token of the Aethir network, with 15% of its total supply allocated to reward Check Nodes for helping to verify the uptime, latency, service quality, and computing power provided by other node participants.100,000 Check Nodes will be publicly sold on the Aethir official website on March 20 at 18:00, with a starting price of 0.1259 ETH per node, increasing incrementally. They can be purchased using wETH on the Arbitrum network, with no purchase limit. The Aethir community, partners, and KOLs will receive reserved whitelist spots, while the remaining limited nodes will be available to the public on a first-come, first-served basis. Checker Nodes can be installed and run in the second quarter of 2024.It is reported that Aethir is an enterprise-focused distributed GPU cloud service provider that has signed multi-year contracts with the world's largest telecommunications companies, the largest game development studios, 10 AAA games, and the cloud gaming company WellLink, which has over 64 million monthly active users. In July 2023, Aethir completed a Pre-A round of financing with a valuation of $150 million, led by Sanctor Capital, Hashkey, Merit Circle, and CitizenX, with participation from Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes), and Lapin Digital.
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