🚀 CoreWeave is making waves with a $23B valuation as Cisco Systems buys shares!

CoreWeave, a seven-year-old New Jersey startup backed by Nvidia that provides infrastructure-as-a-service tailored for industries like AI, machine learning, and CGI, is selling $400 million to $500 million in secondary shares to Cisco Systems at a $23 billion valuation, according to Bloomberg. SeekingAlpha has more here. Curated from StrictlyVC