Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum.
According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO.
Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases in 2017 to create tools for developing AI applications. Today, over 1,400 organizations, including AstraZeneca and Nvidia, use the startup’s tools as their system of record for training and fine-tuning AI models.
CoreWeave says the acquisition will let it provide cloud services and infrastructure customers with “a powerful application development workflow to accelerate AI roadmaps and bring innovations to market faster.”
Weights & Biases’ customers will be able to continue deploying workloads where they prefer, CoreWeave said in a press release.
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