News & Events zu CoreWeave Inc (CRWV)CRWVCoreWeave Inc

DayOne Data Centers Weighs IPO Delay, Targeting $2.5B-$3B

Massive AI rounds from Tenstorrent and Modal Labs lead this week's financings.This week's private company news:DayOne Data Centers is weighing options for its U.S. IPO, including a potential delay or size cut, as volatility around data centers increases, Bloomberg's Julia Fioretti, Elffie Chew, Manuel Baigorri, and Bailey Lipschultz. According to sources, the company is considering going ahead with a smaller listing that may raise $2.5B-$3B, roughly half of what it had originally aimed for. Deliberations are ongoing and DayOne hasn't made any final decisions, the sources add.SB Energy, the SoftBank Group–controlled developer of a massive planned Ohio data center project for OpenAI, is considering going public in December or possibly waiting until next year, according to people familiar with the discussions, The Information's Phoebe Liu and Valida Pau. That is a later timeline than previously expected, the authors note. The data center developer was aiming to go public as soon as September, The Information reported in August.Some of the biggest capital raises by private companies this week include:Tenstorrent– The AI computing company has closed $1.5B in Series E funding at a $6.2B post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors. Publicly-traded companies operating in the same space include AMD, Intel, and Qualcomm.Modal Labs– The provider of artificial intelligence infrastructure announced that it has raised $750 in Series D round, led by Accel. The company is now valued at $15.75B. Publicly-traded companies operating in the same space include Snowflake, MongoDB, and ServiceNow.Belk– The regional department store serving communities across the Southeastern U.S. announced the closing of $1.275B in new senior secured credit facilities with Wells Fargo Bank and Pathlight Capital. Publicly-traded companies operating in the same space include Macy's, Dillard's, and Nordstrom.Whop– The technology company on a mission to deliver everyone a sustainable income, announced a $200M Series D at a $5.1B valuation, led by Sequoia and Shopify Ventures. Publicly-traded companies operating in the same space include Shopify, Block, and Etsy (ESTY).Hertha Metals– The steel company behind the world's first single-step steel and high-purity iron process for lower-cost domestic production has announced the close of a $133.65M Series A round, including a $65M equity investment from the U.S. Government, executed through its Industrial Base Analysis and Sustainment program in partnership with the Economic Defense Unit. The round was co-led by Khosla Ventures and Doerr Capital, with participation from CEV, Pear Ventures, Gates Frontier, Niterra SUISO no MORI Fund, Toyota Ventures and Siemens Financial Services. Publicly-traded companies operating in the same space include Nucor, Steel Dynamics, and Cleveland-Cliffs.Unicorns to watch this week:Lunar Energy– The company remains one to watch as home‑battery adoption accelerates and grid‑independence tech draws policy attention. Lunar Energy last raised $102M at a $1B valuation, and it continues to position itself alongside Tesla, Enphase, and SolarEdgein residential energy storage.Axelar– The company stays on radar as cross‑chain infrastructure gains traction in the blockchain/AI convergence theme. It's consistently cited among emerging unicorns in that category, with public market analogs including Coinbase, Marathon Digital, and Riot Platforms.Anysphere– The company continues to draw attention in the AI‑native developer‑tools space, appearing in recent coverage of new $5B‑plus "ultra‑unicorns." Its closest public market peers include Microsoft, Alphabet, and CoreWeaveas AI‑accelerated infrastructure reshapes software development.VAST Data– The company remains a high‑momentum enterprise AI‑infrastructure name, with ongoing interest around its data layer architecture for large scale AI workloads. Publicly-traded companies operating in the same space include Pure Storage, Snowflake, and NetApp.Digit Insurance– The company continues to stand out in digital‑first insurance as tech enabled underwriting gains share and customer acquisition shifts online. It operates in the same space as Lemonade, Root, and Progressive, and remains a notable player in the insurtech rebound narrative.IPOs to watch:FireFly Robotics– The company, which designs and manufactures autonomous, all-electric robotic systems for turf and grounds environments, announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public direct listing of its common stock. The company is not selling any shares and will not receive any proceeds in the direct listing.Anthropic– The company is now planning to hold its IPO in November, which is later than the October listing expected by investors, The Wall Street Journal's Corrie Driebusch, Anissa Gardizy, and Kate Clark, citing people familiar with the matter. The report states that a delayed listing would allow the company to share its Q3 results and show its strong competitive position. Anthropic also intends to meet with investors in the coming days, and the meetings are expected to help the company and its bankers gauge investor appetite for the offering, WSJ noted.Nscale Limited– The company has filed with the SEC for an initial public offering of its ordinary shares. The company intends to apply to list its ordinary shares on the New York Stock Exchange under the symbol "NSCL". Goldman Sachs, J.P. Morgan, Morgan Stanley are listed as the lead bookrunners.Altera Corporation– Altera announced that its parent company has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed public offering of its common stock. "The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed public offering remains subject to the completion of the SEC review process, as well as market and other conditions," Altera stated. Altera, which provides high-performance, programmable compute and connectivity solutions, is backed by Silver Lake and Intel.Brooks Automation– The company announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions."Private Markets" is The Fly's recurring series of stories on the latest moves in the private sector, largest unicorn companies and initial public offerings to watch. Fly subscribers, add $PRIVATE to your portfolio for alerts on breaking news in the startup and venture capital space.

CoreWeave Launches Physical AI Launchables

CoreWeave announced CoreWeave Physical AI Launchables, a catalog of physical AI workloads packaged as Templates, built and tested by CoreWeave engineers, that let robotics, autonomous vehicle, and simulation teams start a run with one command instead of rebuilding their environment first. Unveiled at NVIDIA GTC Berlin, CoreWeave Physical AI Launchables extends CoreWeave's platform into the engineering layer where physical AI work happens. The hard part of robotics and AV engineering is rarely perception, motion planning, or control systems. It is the week before the run, when someone has to stand up the environment, configure storage, and wait on the scheduler before the first job can start. CoreWeave engineers built and tested the configurations for the workloads these teams run most often, so teams start from something that already works instead of rebuilding the same environment for every new workload. CoreWeave Physical AI Launchables builds on a stack CoreWeave already operates: the infrastructure these workloads run on, observability that shows how a run is performing while it runs, and CoreWeave Forge for developing and improving models and agents. CoreWeave Physical AI Launchables extends that stack into the engineering layer, the software that engineers and developers run to build robots, AVs, and digital twins. That software comes from NVIDIA and the other companies leading this field. The configurations that make it run here are our own engineering work. Each Template is a tested starting point: teams point it at their own scenes and data, and run it against reserved capacity for a sustained program or as a burst job to test a single idea.

CoreWeave Launches Zero Trust AI Framework

CoreWeave announced the CoreWeave Zero Trust AI Framework, a customer-controlled security model that gives customers authority over access to their models, data, and runtime environments. Unveiled at NVIDIA GTC Berlin, the framework lets customers bring the security systems they already operate to CoreWeave Cloud rather than rebuilding around a provider-defined security model. The framework brings together six layers of protection: Zero Key Access. With Remote Key Encryption, customers use keys from the key infrastructure they already operate, whether a software key manager, a hardware security module, or a KMS in another cloud. Customers retain control of the keys protecting their data at rest without transferring key authority to CoreWeave, and without rebuilding key management workflows, policy controls, or governance processes to run sensitive training and inference workloads. Zero Node Access. Support Access Management makes provider access an explicit customer decision. Customers authorize access for a defined operational need rather than treating it as always available, and access ends when the authorized activity does. Zero Trust Infrastructure. CoreWeave attestation services allow the infrastructure executing a workload to be verified using hardware roots of trust. Attestation can also drive automated trust decisions, so a workload, key-management system, or orchestration layer can require valid evidence before releasing secrets, decrypting data, or allowing execution to proceed. Zero In-Use Access. CoreWeave intends to extend NVIDIA's third-generation Confidential Computing across CPUs, GPUs, and the NVIDIA NVLink fabric, including on NVIDIA HGX Rubin NVL8. HGX Rubin NVL8 is coming to CoreWeave Cloud in Q4 2026 and is built for agentic AI, so customers can run agents at scale while keeping models, data, and code protected while in use. CoreWeave plans to begin with select bare metal environments and extend to additional deployment models, including Kubernetes-based AI workloads. Additionally, CoreWeave intends to support the NVIDIA OpenShell Reference Architecture, which combines Rubin GPUs and Vera CPUs running the NVIDIA OpenShell secure runtime. Zero Model Data. As an AI cloud, not a competing model provider, CoreWeave does not use customer prompts, training data, model weights, or outputs to train or improve its own models. Zero Trust Network Encryption. CoreWeave uses IEEE 802.1AE MACsec to encrypt data moving across its backbone, making protected transport part of the network architecture rather than a burden on every application team.