CoreWeave, a data center company backed by Nvidia, has acquired the AI developer platform Weights & Biases for an undisclosed amount. The transaction is reported by The Information to have cost CoreWeave $1.7 billion.
Weights & Biases was valued at $1.25 billion in 2023 and had recently filed for an IPO. The platform was founded in 2017 by Lukas Biewald, Chris Van Pelt, and Shawn Lewis, who aimed to create tools for developing AI applications. Today, over 1,400 organizations, including major players like AstraZeneca and Nvidia, utilize Weights & Biases’ tools as a primary system for training and fine-tuning AI models.
According to CoreWeave, the acquisition will enable them to provide cloud services and infrastructure customers with “a powerful application development workflow to accelerate AI roadmaps and bring innovations to market faster.” CoreWeave also stated in a press release that Weights & Biases’ existing customers will have the flexibility to continue deploying their workloads as they currently do.
