CoreWeave Enhances AI Capabilities with Weights & Biases Acquisition
Deal News | Mar 05, 2025 | Qualcomm Ventures LLC
CoreWeave, a prominent data center company supported by Nvidia, has taken a significant step in enhancing its AI capabilities by acquiring Weights & Biases, a renowned platform for AI application development, for a reported $1.7 billion. Founded in 2017 by Lukas Biewald, Chris Van Pelt, and Shawn Lewis, Weights & Biases quickly rose to prominence, serving over 1,400 organizations including AstraZeneca and Nvidia. Its tools are vital for organizations training and refining AI models. The strategic acquisition aims to enhance CoreWeave's ability to offer robust cloud services and infrastructure, boosting AI development workflows and accelerating market innovations. The acquisition comes amidst Weights & Biases planning an IPO, reflecting the growing demand and valuation in the AI sector.
Sectors
- Technology
- Cloud Computing
Geography
- United States – Both CoreWeave and Weights & Biases are based in the United States, making it the primary geography relevant to the transaction and their operations.
Industry
- Technology – The transaction involves companies that are in the technology sector, particularly focusing on AI development and data center services.
- Cloud Computing – CoreWeave offers cloud services and infrastructure, which is a key part of the cloud computing industry, relevant due to the nature of the acquisition.
Financials
- $1.7 billion – Reported transaction value for the acquisition of Weights & Biases by CoreWeave.
- $1.25 billion – Valuation of Weights & Biases in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CoreWeave | Bidding Company | Company | Nvidia-backed data center company acquiring the AI developer platform Weights & Biases. |
| Weights & Biases | Target Company | Company | AI developer platform acquired by CoreWeave, serving over 1,400 organizations. |
| Qualcomm Ventures LLC | PE Firm | Company | A private equity firm involved in the backing of CoreWeave. |
| Lukas Biewald | Founder | People | Co-founder of Weights & Biases. |
| Chris Van Pelt | Founder | People | Co-founder of Weights & Biases. |
| Shawn Lewis | Founder | People | Co-founder of Weights & Biases. |
| Nvidia | Investor | Company | Backer of CoreWeave and a user of Weights & Biases’ tools. |
| AstraZeneca | Customer | Company | One of the organizations using Weights & Biases’ tools. |