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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth

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New financing led by JPMorgan, Goldman Sachs, and Morgan Stanley builds on $12.7 billion raised from debt and equity investors over the last 18 months, accelerating CoreWeave’s position as the AI Hyperscaler

ROSELAND, N.J., Oct. 11, 2024 /PRNewswire/ — CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo. Proceeds from this revolving credit facility will allow CoreWeave to continue scaling its global operations and equip its world-class roster of customers with the infrastructure to power the next generation of AI innovation.

Today’s announcement builds on the $12.7 billion raised from equity and debt investors over the last 18 months. These financings include a landmark $7.5 billion debt financing facility led by Blackstone and Magnetar in May 2024, which Blackstone cites as one of the largest private credit financings in history. Coatue led CoreWeave’s $1.1 billion Series C in May 2024, following a $2.3 billion debt financing facility led by Blackstone and Magnetar in August 2023.

“This credit facility provides additional liquidity to accelerate our growth strategy and capitalize on new opportunities in the rapidly evolving AI space,” said Mike Intrator, CEO and co-founder of CoreWeave. “The incredible support from this syndicate enables us to continue scaling cutting-edge solutions for our clients. Our investors and financial partners recognize that CoreWeave can deliver a superior compute experience grounded in our software advantage. That’s also why the world’s leading AI enterprises host their training and inference on CoreWeave infrastructure, and why they keep coming back for more capacity.”

CoreWeave recently opened its European headquarters in London and has committed to invest $3.5 billion in London and continental Europe. In August, CoreWeave announced it was the first cloud provider to bring NVIDIA H200 Tensor Core GPUs to its customers – continuing a track record of being first-to-market. By the end of 2024, CoreWeave expects to open 28 data centers globally, with an additional 10 new data centers planned in 2025.

About CoreWeave
CoreWeave, the AI HyperscalerTM, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company’s technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.  

Media Contact:  
coreweave@teneo.com  

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SOURCE CoreWeave

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Artificial Intelligence Could be the Key to Predictive Aviation Safety

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Find out more at IASS 2024 in Rio de Janeiro

ALEXANDRIA, Va., Oct. 11, 2024 /PRNewswire/ — The goal for aviation is a proactive safety regime that will enable airlines, regulators, air navigation service providers, and other industry stakeholders to identify, understand, and mitigate emerging risks well before they result in an accident or incident. Artificial intelligence (AI) and advanced computing are seen as keys to achieving that goal, but how does the industry harness that potential and make proactive safety a reality?

At Flight Safety Foundation’s 77th annual International Aviation Safety Summit (IASS) next month in Rio de Janeiro, a panel of experts from some of the world’s most advanced safety information collection, analysis, and sharing programs will discuss how their programs are pushing the boundaries of safety through advanced data sharing, collaborative analysis, and cross-regional cooperation. Leaders from the Brazilian Commercial Aviation Safety Team, the U.S. Aviation Safety Team, and the European Union Aviation Safety Agency’s Data4Safety program will explore how integrating diverse safety data and methodologies can potentially transform aviation safety and foster a global network committed to innovation and excellence in risk management.

Commercial aviation in all its forms runs on and produces vast amounts of data, and it has long been understood that unlocking that data is essential for continuous safety improvement. In a separate session, a panel of technology experts will dive into how AI and advanced computing are being used to improve aviation safety processes and to better understand new data streams and the relationships between hazards, as well as other factors that could affect the safety of flight.

IASS 2024 is scheduled for Nov. 5–7 at the Grand Hyatt Rio de Janeiro. For more information and to register, please visit the IASS 2024 page on the Foundation’s website.

About Flight Safety Foundation

Flight Safety Foundation is an independent, nonprofit, international organization engaged in research, education, advocacy, and communications to improve aviation safety. The Foundation’s mission is to connect, influence, and lead global aviation safety.

Media Contact:

Frank Jackman
Director, Communications and Research
+1 703.739.6700, ext. 116
jackman@flightsafety.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-could-be-the-key-to-predictive-aviation-safety-302274103.html

SOURCE Flight Safety Foundation

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Comtrend Showcases OpenPON and Latest Broadband Solutions at WISPAPALOOZA 2024

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Featuring a Live Demonstration and Expert Insights on Flexible, Low-Cost Fiber Deployments for WISPs

IRVINE, Calif., Oct. 11, 2024 /PRNewswire-PRWeb/ — Comtrend, a leader in broadband networking solutions, is set to showcase its latest innovations at WISPAPALOOZA, taking place from October 14-17 at the Paris and Horseshoe Hotels in Las Vegas, Nevada. A central focus will be on OpenPON, a groundbreaking open-architecture approach to fiber delivery that is revitalizing fiber deployments. Comtrend has been actively promoting OpenPON across the nation, highlighting the advantages of vendor flexibility and competitive pricing enabled by this open market model. Designed to offer scalability, flexibility, and cost-effective alternatives to proprietary systems, OpenPON is particularly well-suited for the WISP market. In addition to OpenPON, Comtrend will unveil its expanded ONT lineup, which includes the GRG-4283, GRG-4286, GRG-4361, and the soon-to-be-released XGSF-4606 SFP ONT. In collaboration with Fonex, a leading provider of disaggregated networking solutions, attendees will also witness a live demonstration of OpenPON that features an XGS-PON Micro OLT and Comtrend’s ONTs.

Comtrend, a leader in broadband networking solutions, is set to showcase its latest innovations at WISPAPALOOZA, taking place from October 14-17 at the Paris and Horseshoe Hotels in Las Vegas, Nevada.

Additionally, Comtrend will participate in a panel discussion exploring how its new coax-based DPU can bring gigabit speeds throughout MDUs by leveraging combined technologies to optimize efficiency and reduce costs.

Key Highlights at WISPAPALOOZA 2024:

OpenPON Demonstration: Deploying Flexible, Low-Cost Last-Mile Fiber Networks
(Booth #302)
In partnership with Fonex, Comtrend will showcase how service providers can deploy scalable, cost-effective broadband services using a combination of an XGS-PON Micro OLT, ONT, and Ethernet gateway. This demonstration highlights the benefits of OpenPON architecture in creating adaptable and future-ready networks.

Speaking Session: Fiber Networks: Leveraging Hybrid Solutions
(Wednesday, October 16, 2024, 2:30 PM – 3:30 PM | Champagne 4)

Join Comtrend’s Senior Director of Product Strategy, Bradley H. Joe, for an insightful discussion on innovative approaches to delivering gigabit speeds to MDUs that do not have fiber infrastructures. The session will explore how hybrid solutions—combining various technologies—can optimize efficiency and reduce costs. Learn how integrating alternative tools can accelerate deployment timelines, increase scalability, and generate faster revenue capture.

For more information about Comtrend’s participation at WISPAPALOOZA or to schedule a meeting, please contact Sarah.Tomasi@Comtrend.com.

About Comtrend:
Comtrend is a leading provider of broadband networking solutions, specializing in last-mile access networking. With over three decades of industry experience, we have a deep understanding of Service Providers. That’s why we are dedicated to offering open solutions and supporting industry standards, ensuring flexibility, future-proofing, and scalability. Our commitment to innovation is evident through our support of the OpenPON initiative—a groundbreaking open approach to fiber delivery. Comtrend’s hardware and software solutions include ONTs, gateways, home networking, and management software, all designed to meet the evolving needs of Service Providers. We continually collaborate with a wide network of partners to bring best-in-breed solutions to Service Providers.

Media Contact

Sarah Tomasi, Comtrend, (949) 753-9640, sarah.tomasi@comtrend.com, us.comtrend.com

View original content to download multimedia:https://www.prweb.com/releases/comtrend-showcases-openpon-and-latest-broadband-solutions-at-wispapalooza-2024-302273667.html

SOURCE Comtrend

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HealthCentral Wins Top Honors at MM&M Awards for Consumer, Professional Brands

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NEW YORK, Oct. 11, 2024 /PRNewswire/ — HealthCentral, a leading digital health platform serving patients living with chronic and serious illness, has taken top honors at the 2024 Medical Marketing and Media (MM+M) Awards, winning the Gold Award for Healthcare Consumer Media Brand for an unprecedented third consecutive year and a Silver Award for Healthcare Professional Media Brand for Oncology News Central, an essential hub for oncology information and insights.

Announced October 10 in New York City, the MM+M Awards recognize the most creative and effective healthcare marketing and communications platforms and campaigns in the industry.

“We are honored to receive awards this year for both our consumer and professional brands, including being the only brand to receive MM&M’s consumer award three years in a row,” said Steve Zatz, M.D., CEO of HealthCentral Corp. “These achievements speak to our commitment to deliver premier content that informs, educates, and builds community for both people living with chronic illness and the professionals who care for them.”

In honoring HealthCentral, the MM+M Awards highlighted the platform’s ability to inform and inspire with science-driven editorial, video, and social content that is both compassionate and clear-eyed. Actionable self-care guides, relatable news and features, and realistic first-person perspectives on the challenges of living with chronic illness encourage confidence and build community, while courageous explorations into controversies, such as medical gaslighting and the financial burdens of chronic disease, uncover overlooked issues that can make the lives of people with serious illnesses more difficult.

MM&M’s recognition for Oncology News Central noted the platform’s expert and efficient curation of breaking clinical news, and its focus on delivering information in context, providing practical insights on how physicians can best incorporate new findings into clinical practice through peer-to-peer discussions, video roundtables, and podcasts.

“Receiving the MM&M awards is a testament to the excellence and hard work of our teams and of our commitment to understanding the needs of our audiences,” said Chief Content Officer Jo-Ann Strangis. “Together, our platforms reflect our mission to encourage people to live their best possible lives and to ensure their physicians are equipped with the knowledge and expertise needed to deliver optimal patient care.”

About HealthCentral

HealthCentral Corporation operates leading digital platforms that serve patients living with chronic illness, their care partners and health professionals who care for them. HealthCentral Corporation’s award-winning destinations include HealthCentral, MedCentral, Patient Power, Oncology News Central, TheBody, and TheBodyPro.

Media Contact:

Patricia Garrison
908-591-3452
PR@healthcentral.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/healthcentral-wins-top-honors-at-mmm-awards-for-consumer-professional-brands-302274221.html

SOURCE HealthCentral Corp.

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