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Area Development - Site Selection, Facility Planning and Workforce Development

CoreWeave Establishes Plano, Texas, Data Center

07/27/2023
CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, plans to establish a data center in Plano, Texas. The company plans to invest $1.6 billion.

The facility is scheduled to be fully operational by the end of 2023. In April, the company announced a $221 million Series B round, followed by $200 million in Series B extension funding for a total of $421 million in capital raised for the round.

"We are pleased to partner with Plano and the local community to open this cutting-edge data center and create new jobs," said CoreWeave CEO and Co-founder Michael Intrator. "The 450,000 square foot facility will help meet the unprecedented demand for high-performance cloud solutions for artificial intelligence, machine learning, pixel streaming and other emerging technologies that CoreWeave is uniquely positioned to deliver.”

CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry’s fastest and most flexible infrastructure. An NVIDIA Elite Cloud Solutions Provider for Compute and Visualization, the company builds cloud solutions for compute intensive use cases - VFX and Rendering, Machine Learning and AI, Batch Processing, and Pixel Streaming - that are up to 35x faster and 80% less expensive than the large, generalized public clouds.

"With the demand for machine learning, AI and visual effects/rendering sharply rising, we are thrilled to partner with CoreWeave as the company invests in its first data center in Texas, capable of high-computing solutions for such specialized needs," noted Mayor of Plano, John B. Muns.

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