Nvidia Invests Up to $1 Billion in AI Startup Poolside
▼ Summary
– Nvidia is reportedly planning a major investment of $500 million to $1 billion in AI software platform Poolside.
– This investment would be part of Poolside’s $2 billion funding round at a $12 billion valuation.
– Nvidia previously invested in Poolside during its $500 million Series B round in October 2024.
– Nvidia has been expanding its AI startup investments, including exploring a $500 million investment in self-driving company Wayve.
– The company recently made a $5 billion investment in Intel for future chip collaboration.
Nvidia is reportedly preparing a major strategic investment ranging from $500 million to a potential $1 billion in Poolside, an artificial intelligence platform focused on software development. According to sources cited by Bloomberg, this capital infusion would form part of a larger $2 billion funding round that values the AI startup at approximately $12 billion. The final investment amount from Nvidia could escalate to the full $1 billion figure if Poolside successfully secures the remainder of the targeted funding.
This move represents a continuation of Nvidia’s established financial backing for Poolside. The chipmaker previously participated in the startup’s $500 million Series B financing round that closed in October 2024.
Nvidia has become one of the most active corporate investors in the artificial intelligence ecosystem, consistently deploying capital to support promising companies across the technology landscape. Its investment strategy demonstrates a clear pattern of broadening into diverse AI-driven sectors. For instance, last October the company confirmed it was exploring a potential $500 million investment in Wayve, a United Kingdom-based firm developing self-driving vehicle technology. More recently, Nvidia committed a substantial $5 billion stake in Intel, signaling plans for future collaboration on semiconductor development.
Inquiries regarding the specifics of the investment and funding round were directed to Poolside for additional details.
(Source: TechCrunch)
