We advised CoreWeave on the transaction

Davis Polk advised CoreWeave, Inc. in connection with its issuance of 9,174,311 shares of Class A common stock in a private placement to Jane Street Global Trading, LLC, for an aggregate purchase price of $1 billion.

CoreWeave is The Essential Cloud for AI. Built for pioneers by pioneers, CoreWeave delivers a platform of technology, tools and teams that enables innovators to move at the pace of innovation, building and scaling AI with confidence. Trusted by leading AI labs, startups and global enterprises, CoreWeave serves as a force multiplier by combining superior infrastructure performance with deep technical expertise to accelerate breakthroughs.Jane Street is a global technology-driven trading firm. Founded in 2000, the firm brings a research-driven approach and quantitative expertise to markets worldwide, with over 3,500 employees across offices in New York, London, Hong Kong, Singapore and Amsterdam.

The Davis Polk capital markets team included partners Michael Kaplan and Hillary A. Coleman, counsel Steven Glendon and associate Monica Rodriguez. All members of the Davis Polk team are based in the New York office.

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