CoreWeave

In 2016, out of interest and curiosity, CoreWeave's founding team, three commodities traders, CEO Michael Intrator, Chief Strategy Officer Brannin McBee, and Chief Technology Officer Brian Venturo purchased the first GPU, plugged it in, placed it on a pool table overlooking the East River in lower Manhattan and mined the first block on the ethereum network.

Soon, mining turned into a hobby as well as a business.

With some small early investments from close friends, CoreWeave's mining location changed from a pool table to a garage (data center) in New Jersey, and soon after, they decided to start their own business, Atlantic Crypto, the predecessor of CoreWeave, was officially founded.

As a mining company, their core means of production is GPUs, coinciding with the crypto winter of 2018/2019, many mining companies closed down, they took this opportunity to continuously plunge into graphics cards, hundreds of which turned into tens of thousands, and the data center increased to seven.

In the crypto winter, on the one hand, they tried to provide GPU cloud servers for other crypto miners, and then they found a "demand", a large number of enterprises relying on GPU acceleration approached them, wanting them to provide arithmetic support, these enterprises have a common pain point: the traditional cloud service providers provide limited arithmetic options, while monopolizing the price, allowing large-scale businesses to provide arithmetic support. while monopolizing prices, making large-scale business scaling very difficult.

So, in 2019, CoreWeave pioneered a new business, offering its GPU cloud to other enterprise developers, such as using it for CG rendering, which was their main business in the early days.

According to CoreWeave's official website, their solutions, from servers to storage and networking, are 35 times faster and 80% cheaper than generic public clouds.

In addition, CoreWeave plans to establish itself in industries such as life sciences. Examples include drug discovery, protein folding simulation, molecule discovery and genetic testing. during the 2020 outbreak, CoreWeave contributed the power of 6,000 GPU miners to Stanford University's Coronavirus Research Initiative, assisting in the analysis of coronaviruses and their treatments.

Walking into a data center is the most amazing thing," says McBee. I've been assembling computers since I was a kid, and it's fun to be in the middle of this kind of endeavor, which builds and scales computer equipment and gives the coolest companies on the planet a lot of computing power."