CoreWeave (CRWV) said Tuesday it launched a new initiative focused on supporting founders and companies developing artificial intelligence technologies.

CoreWeave Ventures aims to provide, among other things, various capital investment models to help firms scale, as well as "accelerated access" to the company's cloud platform, it said.

“Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next class of innovation,” Brannin McBee, CoreWeave co-founder and chief development officer, said in the release.

CoreWeave, which itself is backed by Nvidia, is the latest example of a tech giant turning to the growing world of startups in an effort to gain more exposure to early-stage AI innovation. AI startups in the first half of the year alone raised $104.3 billion in the U.S., nearly matching all of 2024.

CoreWeave shares were up 8.3% in morning trading.