- Bloomberg
Cisco Nears Investment in CoreWeave at $23 Billion Valuation
(Bloomberg) -- Cisco Systems Inc. agreed to invest in CoreWeave, a cloud-computing provider that’s among the hottest startups in artificial intelligence, as part of a transaction that values the company at $23 billion, according to people with knowledge of the matter.Most Read from BloombergThe Corner Store ComebackRoofs of Mexico City’s Massive Food Market Will Power Public BusesNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkA Housing Crisis Brews in Rwanda’s Capital CityGang Vi
- Reuters
Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports
Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter. Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads. CoreWeave CEO Michael Intrator had discussed a secondary transaction that would allow existing shareholders to sell up to $500 million worth of shares, Bloomberg News reported in September.
- Zacks
Cisco Systems (CSCO) Stock Dips While Market Gains: Key Facts
Cisco Systems (CSCO) closed the most recent trading day at $52.62, moving -0.23% from the previous trading session.
