We are advising CoreWeave on the transaction

Davis Polk is advising CoreWeave, Inc. on its acquisition of Weights and Biases, Inc. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025.

CoreWeave delivers a cloud platform of cutting-edge software powering the next wave of artificial intelligence. 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 United States and Europe. On March 3, 2025, CoreWeave announced the public filing of a registration statement on Form S-1 for its initial public offering.

Weights and Biases is the AI developer platform powering the generative AI industry. Over 1,300 organizations worldwide – including AstraZeneca, Canva, NVIDIA, Snowflake, Square, Toyota and Wayve – and more than 30 foundation model builders, such as OpenAI, Meta and Cohere, rely on Weights and Biases as their system of record for training and fine-tuning AI models and developing AI applications with confidence. Headquartered in San Francisco with a global presence, Weights and Biases is backed by leading investors, including Coatue, Felicis Ventures, BOND, Insight Partners, Bloomberg Beta and NVIDIA.

The Davis Polk corporate team includes partner Michael Gilson, counsel Tierney O’Rourke and associate Michael Kostukovsky. Partner Michael Kaplan is providing capital markets advice. Partner Pritesh P. Shah is providing intellectual property advice. Partner Veronica M. Wissel and associate Hao (Leo) Hu are providing executive compensation advice. Partner Corey M. Goodman is providing tax advice. Partner Arthur J. Burke and counsel Matthew Yeowart are providing antitrust and competition advice. Members of the Davis Polk team are based in the New York, Northern California and London offices. 

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