Cisco Systems Inc. is reportedly looking at making a big investment in CoreWeave, one of the hotter artificial-intelligence startup companies, as the networking giant seeks to get a stronger foothold in the AI data center.

Cisco Systems is reportedly investing in cloud AI upstart CoreWeave, an emerging player that's currently valued at $23 billion. CoreWeave is a cloud computing provider that’s among the hottest companies in the AI arena. The startup is heavily backed by Nvidia and private equity firms.

As part of this AI fund, Cisco has already made strategic investments in several AI-focused companies, including Mistral AI, Cohere, and Scale AI. "Cisco to invest in CoreWeave at $23bn valuation" was originally created and published by Verdict, a GlobalData owned brand.

Cisco Systems Inc. is close to investing in artificial intelligence startup CoreWeave in a deal that values the company at $23 billion, Bloomberg reported Friday, citing people with knowledge of the matter.

Cisco Systems is set to invest in Coreweave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter.

Cisco (CSCO) has reportedly agreed to invest in AI startup CoreWeave, valuing the company at $23 billion, according to Bloomberg. Cisco is the latest company to invest in CoreWeave, joining the likes of Nvidia (NVDA),

(Reuters) - Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter. Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads.