Acquisition

CoreWeave Partnership news – CoreWeave, the AI Hyperscaler Announced Strategic Partnership with EcoDataCenter

Aug 28, 2024 | By Startup Rise EU

CoreWeave Partnership news - CoreWeave, the AI Hyperscaler Announced Strategic Partnership with EcoDataCenter

CoreWeave, the AI Hyperscaler, has announced a strategic partnership with EcoDataCenter, a Swedish company renowned for its sustainable data center solutions, to host one of Europe’s first large-scale NVIDIA Blackwell clusters in Sweden.

SUMMARY

  • CoreWeave, the AI Hyperscaler, has announced a strategic partnership with EcoDataCenter
  • CoreWeave is a dedicated cloud service for enterprise-scale GPU-accelerated workloads.

By working together, we hope to greatly increase compute capacity throughout Europe and build one of the most cutting-edge and environmentally friendly supercomputers in the area.

It plans to use thousands of NVIDIA Blackwell GPUs as part of its European expansion strategy to enable top AI laboratories and businesses satisfy the demand for large-scale AI infrastructure globally. The clusters' deployment, which is expected to begin operations in early 2025, represents a major turning point for CoreWeave and the European IT scene.

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This collaboration expands on it's initial $2.2 billion investment made earlier this year to construct new data centers in continental Europe that are entirely powered by renewable energy.

EcoDataCenter will host the new cluster. The collaboration between CoreWeave and EcoDataCenter demonstrates a common dedication to environmental responsibility and innovation.

Mike Mattacola, Chief Business Officer of CoreWeave said, “The announcement of this partnership with EcoDataCenter comes at a pivotal moment in CoreWeave’s expansion into Europe, This deployment will enable us to support the growing demand for AI and high-performance computing across the continent, providing our clients with advanced processing power and efficiency.”

Peter Michelson, CEO of EcoDataCenter said, “CoreWeave is one of the world’s most interesting companies. Being recognized for our design and engineering capabilities to host an NVIDIA Blackwell cluster underscores our ability to handle the latest technology, We are proud to partner with CoreWeave and contribute to this groundbreaking project, which aligns with our mission to provide sustainable and high-performance data center solutions.”

Jaap Zuiderveld, Vice President of EMEA at NVIDIA said, “Demand for high-performance computing is at an all-time high from European AI labs and enterprises,” “CoreWeave and EcoDataCenter’s deployment of NVIDIA Blackwell technology across Europe will help boost compute capacity and deliver sustainable data center solutions for the region."

Today’s announcement builds on it’s significant momentum from the Company’s recent UK and European 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. It’s three new European data centers will add to the company’s two additional data centers based in the UK.

About CoreWeave

CoreWeave is a dedicated cloud service for enterprise-scale GPU-accelerated workloads. For compute-intensive use cases like machine learning, VFX rendering, pixel streaming, and batch processing, their Kubernetes-native architecture is designed to deliver results up to 35 times faster and 80% less expensive than those of conventional cloud providers.

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