CoreWeave to buy Weights & Biases for $1.7 Billion
**CoreWeave to buy Weights & Biases for $1.7 Billion**
By Natasha Mascarenhas
5 hours ago
Source: The Information
CoreWeave, which provides cloud servers to large companies developing artificial intelligence, said late Tuesday it plans to buy Weights & Biases, a startup that helps developers build AI applications. The company, which is preparing for an IPO, confirmed the acquisition plans after The Information reported it was in talks to buy the smaller startup for around $1.7 billion. It didn't disclose a price.
The deal could help CoreWeave diversify its customers from large clients such as Microsoft, Meta Platforms, and Nvidia. Weights & Biases' paid tools, which start at $50 per month for professionals, have attracted data scientists from various industries, including pharmaceuticals and medical imaging firms. Founded in 2017, Weights & Biases was last valued at $1.25 billion in a 2023 financing. Investors in Weights & Biases include Coatue Management, Insight Partners, and Felicis Ventures.