CoreWeave to Acquire Weights & Biases Ahead of its US IPO Debut

Nvidia-backed hyperscaler AI startup CoreWeave is set to acquire Weights & Biases, a developer platform for AI. The company expects to close the acquisition in the first half of 2025. 

Founded in 2018, Weights & Biases assists enterprises in building AI models and applications used by academic researchers, innovators, and companies such as OpenAI, Meta, and NVIDIA, among others. They assert that they support over 1,400 enterprises, including Toyota, AstraZeneca, and NVIDIA. 

“This acquisition will be a gamechanger for our customers and the AI market at large, solidifying our position as the AI Hyperscaler, from compute to model management to AI application evaluation and monitoring,” CoreWeave said.   

CoreWeave, founded in 2017, is a cloud infrastructure company equipping companies with GPU computing power. It started as a GPU provider for crypto-miners and then broke into the ranks of hyperscalers in a short period of time. Now it is gearing up for an IPO listing, as reported by Reuters. 

The startup mentioned that Weights & Biases’ expertise will enable it to provide an end-to-end platform to help the world’s leading AI labs and enterprises build, tune, and deploy AI applications.

Meanwhile, Weights & Biases said the acquisition will be a great experience for its employees. 

“We’re not being acquired by a giant company, we’re being acquired by a small, fast-moving organisation, and we’re excited to hit the ground running,” Lukas Biewald, co-founder and CEO of Weights & Biases, said in a statement.