Acquisition delivers the leading AI Cloud Platform—purpose-built to iterate AI faster
CoreWeave, Inc. (Nasdaq: CRWV) today announced that it has completed its acquisition of Weights & Biases. The strategic combination strengthens CoreWeave's capabilities to power AI innovation with the leading AI Cloud Platform and helps unleash the full potential of the world's leading AI labs and enterprises.
"Today's announcement accelerates our ability to power AI innovation with the scale, performance, and expertise that meets the demands of accelerated computing. It also builds on our recent IPO, creating new vectors for growth and broadened capabilities as a combined company," said Michael Intrator, co-founder and CEO of CoreWeave. "I am incredibly impressed by what the Weights & Biases team has achieved as the AI developer platform. Their relentless innovative spirit, customer obsession, and engineering excellence are traits that CoreWeave has always prioritized and will continue to do so as we enable AI builders in the inference era. Now with Weights & Biases, I have no doubt that we will push the boundaries of what's possible with AI for our customers."
Together, CoreWeave and Weights & Biases plan to deliver the leading AI Cloud Platform—purpose-built to develop, deploy, and iterate AI faster. CoreWeave continues to be committed to the interoperability of the Weights & Biases platform so its customers have the flexibility to choose any deployment option, any infrastructure provider, and any foundation model, framework, or protocol.
"We expect that this combination will allow us to better serve our developers by accelerating investment in the Weights & Biases platform, maintaining our commitment to interoperability, and unlocking new valuable features by combining the hardware and software layers of the new AI tech stack," said Lukas Biewald, co-founder of Weights & Biases. "Together with CoreWeave, we believe we can empower customers to realize the potential of AI. I'm looking forward to combining our talented teams and complementary strengths—and for all that we will accomplish now that we've joined forces."
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, and Orrick, Herrington & Sutcliffe LLP served as Weights & Biases' legal advisor.
CoreWeave, the AI Hyperscaler™, 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.
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