CoreWeave to Acquire Weights & Biases - Industry Leading AI Developer Platform for Building and Deploying AI Applications

PR Newswire

LIVINGSTON, N.J., March 4, 2025

Acquisition to create end-to-end platform for AI labs and enterprises to bring new innovations to market faster

LIVINGSTON, N.J., March 4, 2025 /PRNewswire/ -- CoreWeave, the AI Hyperscaler$(TM)$, today announced it has reached an agreement to acquire Weights & Biases, a leading AI developer platform. The acquisition extends CoreWeave's purpose-built cloud platform by enabling an end-to-end experience for customers, enhancing functionality for the world's leading AI labs and enterprises to build, tune and deploy AI applications.

The transaction combines CoreWeave's infrastructure and managed cloud services with the Weights & Biases AI developer platform for AI model training and AI application evaluation and monitoring. Collectively, CoreWeave and Weights & Biases intend to provide customers with a powerful application development workflow to accelerate AI roadmaps and bring innovations to market faster. The combination will result in one team dedicated to customers with intense focus on the end-user experience and productivity. CoreWeave plans to bring new innovations to the Weights & Biases platform while maintaining the functionality and dependability that users know and love. Weights & Biases' customers will also be able to continue deploying workloads wherever they like, be it on-premise or with the infrastructure provider of their choice.

Weights & Biases was founded in 2017 by Lukas Biewald, Chris Van Pelt, and Shawn Lewis, on a mission to build the best tools for AI developers. Since then, the company has become a leading player in the MLOps and LLMOps space with a platform used by over 1 million AI engineers. Its trusted software products are used industry-wide by marquee enterprises, including OpenAI, Meta, NVIDIA, Snowflake, AstraZeneca, Toyota, Canva, Square, and Wayve to build and train AI models and develop and deploy AI applications.

"Weights & Biases has built a phenomenal platform to help organizations of any size and across a range of industries to build, deploy and monitor AI training and inference applications," said Michael Intrator, co-founder and CEO of CoreWeave.

CoreWeave's proprietary software and cloud services are purpose-built to deliver the software and software intelligence needed to manage complex AI infrastructure at scale. The CoreWeave Cloud Platform supports the development and deployment of ground-breaking models and the delivery of the next generation of AI applications. It has been fundamentally architected from the ground up to deliver cutting-edge performance optimized for AI workloads and is trusted by some of the world's leading AI labs and enterprises.

"We have long admired CoreWeave. We have a shared alignment of vision and values, and we are obsessively focused on helping our customers get to market faster with our cutting-edge technology and services. Together with CoreWeave, we will bring this grit and passion for innovation to customers at an even greater scale, with the goal of rapidly accelerating adoption across the world's leading AI labs and enterprises, " said Lukas Biewald, co-founder and CEO of Weights & Biases. "We are extremely proud of what we have built at Weights & Biases and we can't wait to see what we can accomplish together."

The transaction is subject to customary closing conditions, including regulatory approvals. It is expected to close in the first half of 2025. Evercore and Morgan Stanley acted as financial advisors to CoreWeave, and Davis Polk & Wardwell LLP served as CoreWeave's legal advisor. Qatalyst Partners acted as financial advisor to Weights & Biases.

About CoreWeave

CoreWeave, the AI Hyperscaler(TM), delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.

About Weights & Biases

Weights & Biases is the AI developer platform powering the generative AI industry. Over 1,400 organizations worldwide -- including AstraZeneca, Canva, NVIDIA, Snowflake, Square, Toyota, and Wayve -- and more than 30 foundation model builders, such as OpenAI, Meta, and Cohere, rely on Weights & Biases as their system of record for training and fine-tuning AI models and developing AI applications with confidence. Headquartered in San Francisco with a global presence, Weights & Biases is backed by leading investors, including Coatue, Insight Partners, Felicis Ventures, BOND, Bloomberg Beta, and NVIDIA.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the acquisition of Weights & Biases by CoreWeave and its impact on the CoreWeave Cloud Platform, the expected closing date for the acquisition, regulatory approvals, the plans, benefits and synergies resulting from the acquisition, and other future events. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: CoreWeave's ability to integrate Weights & Biases' operations into its business; CoreWeave's ability to develop and release platform, solutions and service enhancements and new solutions and services to respond to rapid technological change in a timely and cost-effective manner; intense and increasing competition in CoreWeave's market; obtaining regulatory approvals for the transaction; and other general market, political, economic, and business conditions. All forward-looking statements contained herein are based on information available as of the date hereof and neither CoreWeave nor Weights & Biases assumes any obligation to update these statements as a result of new information or future events.

CONTACT: Colleen Hsia, coreweave@teneo.com

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SOURCE CoreWeave

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March 04, 2025 18:57 ET (23:57 GMT)