Fidelity and Jane Street Back CoreWeave at $7 Billion Valuation

CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, said it closed a minority stake sale to investors led by Fidelity Management & Research Co.

Investment Management Corp. of Ontario, Jane Street, JPMorgan Asset Management, Nat Friedman, Daniel Gross, Goanna Capital and Zoom Ventures also participated in the deal, CoreWeave said, confirming an earlier Bloomberg News report. The transaction values the company at $7 billion, said people with knowledge of the matter, asking not to be identified discussing confidential information.

Read more: CoreWeave Said Near Stake Sale to Fidelity at $7 ...