Nvidia (NVDA)-Backed CoreWeave Acquires AI Developer Platform Ahead of IPO
According to The Information, the deal is worth $1.7 billion.
Updated March 5, 2025, 15:43 UTC Published March 5, 2025, 15:42 UTC
Key points:
- CoreWeave acquires AI platform Weights & Biases for $1.7 billion to boost its cloud computing capabilities.
- The deal comes after CoreWeave recently filed for an initial public offering (IPO), which aims to raise $4 billion at a $35 billion valuation.
- Weights & Biases tools are widely used in AI development, and CoreWeave intends to integrate them into its infrastructure to improve the efficiency of machine learning processes.
Cloud company CoreWeave plans to acquire AI developer platform Weights & Biases in a bid to expand its infrastructure offerings in the rapidly growing AI sector.
The deal, which is expected to close in the first half of 2025, will cost CoreWeave $1.7 billion, according to The Information.
Weights & Biases, valued at $1.25 billion in 2023, has become a key part of the AI community, with researchers and engineers using its tools to manage complex machine learning processes.
With the acquisition, CoreWeave aims to integrate its cloud services with Weights & Biases' tools, offering a more user-friendly interface for AI developers.
The deal comes just days after the cloud services provider filed for an initial public offering (IPO) on Tuesday, with the company expected to raise $4 billion at a valuation of more than $35 billion.
CoreWeave has also tapped Bitcoin miner Core Scientific (CORZ) to build 500 megawatts (MW) of infrastructure for AI-related needs.
