AI data infrastructure company CoreWeave (CRWV) has agreed to acquire Marimo to strengthen its platform.
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Marimo is an open-source Python notebook designed for AI and data workflows, giving developers live, reactive feedback as they build and test models. However, details of the agreement were not disclosed.
The announcement comes as CoreWeave faces the termination of its $9 billion offer to acquire Bitcoin miner and data center operator Core Scientific (CORZ). It is, however, important to note that Michael Intrator, CoreWeave’s chief executive, has previously stated that Core Scientific is a good but not essential addition to the company.
CoreWeave Strengthens AI Focus with Acquisition Push
With the Marimo acquisition, CoreWeave said it wants to drive “the next wave of AI innovation” by empowering labs, developers, and organizations to build and deploy AI. With the buyout, the AI cloud computing company plans to integrate Marimo’s technology into its cloud service.
This will help create “a unified developer experience” across the entire AI lifecycle, from training and decision-making to data movement and continuous refinement of AI models and data workflows.
“The addition strengthens CoreWeave’s vertically integrated platform, empowering developers to build, scale, and deploy applications faster and more efficiently,” CoreWeave added.
CoreWeave’s latest acquisition shows it remains rentless in its acquisition pursuit to expand its business.
Previously, the New Jersey-based company acquired OpenPipe, an AI model fine-tuning company; Weights & Biases, an AI experiment tracking and machine learning management platform; and Monolith, an AI engineering software company specializing in industrial physics and machine learning solutions.
Is CRWV Stock a Good Buy?
Meanwhile, the sentiment toward CoreWeave on Wall Street remains cautious, with its shares currently carrying a Moderate Buy consensus rating from analysts. This is based on 14 Buys, 10 Holds, and one Sell issued by 25 analysts over the past three months.
However, at $158.17, the average CRWV price target points to about 18% upside from the current level.
