No firm has capitalized on the AI revolution extra dramatically than Nvidia. Its income, profitability, and money reserves have skyrocketed because the introduction of ChatGPT over two years in the past — and the various aggressive generative AI providers which have launched since. And its inventory worth soared.
Throughout that interval, the world’s main high-performance GPU maker has used its ballooning fortunes to considerably enhance investments in all types of startups however notably in AI startups.
The chip big ramped up its enterprise capital exercise in 2024, collaborating in 49 funding rounds for AI corporations, a pointy enhance from 34 in 2023, in line with PitchBook information. It’s a dramatic surge in funding in comparison with the earlier 4 years mixed, throughout which Nvidia funded solely 38 AI offers. Observe that these investments exclude these made by its formal company VC fund, NVentures, which additionally considerably ramped up its investing within the final two years. (PitchBook says NVentures engaged in 24 offers in 2024, in comparison with simply 2 in 2022.)
In 2025, Nvidia has already participated in seven rounds.
Nvidia has acknowledged that the purpose of its company investing is to increase the AI ecosystem by backing startups it considers to be “recreation changers and market makers.”
Beneath is an inventory of startups that raised rounds exceeding $100 million the place Nvidia is a named participant since 2023, together with new ones it has backed to date in 2025, organized from the very best quantity to lowest raised within the spherical.
The billion-dollar-round membership
OpenAI: Nvidia backed the ChatGPT maker for the primary time in October, reportedly writing a $100 million test towards a colossal $6.6 billion spherical that valued the corporate at $157 billion. The chipmaker’s funding was dwarfed by OpenAI’s different backers, notably Thrive, which in line with the New York Occasions invested $1.3 billion.
xAI: Nvidia participated within the $6 billion spherical of Elon Musk’s xAI. The deal revealed that not all of OpenAI’s traders adopted its request to chorus from backing any of its direct rivals. After investing within the ChatGPT maker in October, Nvidia joined xAI’s cap desk just a few months later.
Inflection: One in every of Nvidia’s first vital AI investments additionally had one of the crucial uncommon outcomes. In June 2023, Nvidia was certainly one of a number of lead traders in Inflection’s $1.3 billion spherical, an organization based by Mustafa Suleyman, who earlier based DeepMind. Lower than a yr later, Microsoft employed Inflection AI’s founders, paying $620 million for a non-exclusive know-how license, leaving the corporate with a considerably diminished workforce and a much less outlined future.
Wayve: In Could, Nvidia participated in a $1.05 billion spherical for the U.Okay.-based startup, which is growing a self-learning system for autonomous driving. The corporate is testing its autos within the U.Okay. and the San Francisco Bay Space.
Scale AI: In Could 2024, Nvidia joined Accel and different tech giants Amazon and Meta to speculate $1 billion in Scale AI, which gives data-labeling providers to corporations for coaching AI fashions. The spherical valued the San Francisco-based firm at practically $14 billion.
The numerous-hundreds-of-millions-of-dollars membership
Crusoe: A startup constructing information facilities reportedly to be leased to Oracle, Microsoft, and OpenAI raised $686 million in late November, in line with an SEC submitting. The funding was led by Founders Fund, and the lengthy listing of different traders included Nvidia.
Determine AI: In February 2024, AI robotics startup Determine raised a $675 million Collection B from Nvidia, OpenAI Startup Fund, Microsoft, and others. The spherical valued the corporate at $2.6 billion.
Mistral AI: Nvidia invested in Mistral for the second time when the French-based giant language mannequin developer raised a $640 million Collection B at a $6 billion valuation in June.
Lambda: AI cloud supplier Lambda, which gives providers for mannequin coaching, raised a $480 million Collection D at a reported $2.5 billion valuation in February. The spherical was co-led by SGW and Andra Capital Lambda, and joined by Nvidia, ARK Make investments, and others. A major a part of Lambda’s enterprise entails renting servers powered by Nvidia’s GPUs.
Cohere: In June, Nvidia invested in Cohere’s $500 million spherical, a big language mannequin supplier serving enterprises. The chipmaker first backed the Toronto-based startup in 2023.
Perplexity: Nvidia first invested in Perplexity in November of 2023 and has participated in each subsequent spherical of the AI search engine startup, together with the $500 million spherical in December, which values the corporate at $9 billion, in line with PitchBook information.
Poolside: In October, the AI coding assistant startup Poolside introduced it raised $500 million led by Bain Capital Ventures. Nvidia participated within the spherical, which valued the AI startup at $3 billion.
CoreWeave: Nvidia invested within the AI cloud computing supplier in April 2023, when CoreWeave raised $221 million in funding. Since then, CoreWeave’s valuation has jumped from about $2 billion to $19 billion, and the corporate has filed for an IPO. CoreWeave permits its clients to lease Nvidia GPUs on an hourly foundation.
Collectively AI: In February, Nvidia participated within the $305 million Collection B of this firm, which provides cloud-based infrastructure for constructing AI fashions. The spherical valued Collectively AI at $3.3 billion and was co-led by Prosperity7, a Saudi Arabian enterprise agency, and Normal Catalyst. Nvidia backed the corporate for the primary time in 2023.
Sakana AI: In September, Nvidia invested in the Japan-based startup, which trains low-cost generative AI fashions utilizing small datasets. The startup raised a large Collection A spherical of about $214 million at a valuation of $1.5 billion.
Imbue: The AI analysis lab that claims to be growing AI methods that may purpose and code raised a $200 million spherical in September 2023 from traders, together with Nvidia, Astera Institute, and former Cruise CEO Kyle Vogt.
Waabi: In June, the autonomous trucking startup raised a $200 million Collection B spherical co-led by present traders Uber and Khosla Ventures. Different traders included Nvidia, Volvo Group Enterprise Capital, and Porsche Automobil Holding SE.
Offers of over a $100 million
Ayar Labs: In December, Nvidia invested within the $155 million spherical of Ayar Labs, a firm growing optical interconnects to enhance AI compute and energy effectivity. This was the third time Nvidia backed the startup.
Kore.ai: The startup growing enterprise-focused AI chatbots raised $150 million in December of 2023. Along with Nvidia, traders collaborating within the funding included FTV Capital, Vistara Progress, and Sweetwater Non-public Fairness.
Sandbox AQ: In April, Nvidia, alongside Google, BNP Paribas and others, invested $150 million in Sandbox AQ, a startup growing giant quantitative fashions (LQMs) for dealing with complicated numerical evaluation and statistical calculations. The funding elevated Sandbox AQ’s Collection E spherical to $450 million and the corporate’s valuation to $5.75 billion.
Hippocratic AI: This startup, which is growing giant language fashions for healthcare, introduced in January that it raised a $141 million Collection B at a valuation of $1.64 billion led by Kleiner Perkins. Nvidia participated within the spherical, together with returning traders Andreessen Horowitz, Normal Catalyst, and others. The corporate claims that its AI options can deal with non-diagnostic patient-facing duties corresponding to pre-operating procedures, distant affected person monitoring, and appointment preparation.
Weka: In Could, Nvidia invested in a $140 million spherical for AI-native information administration platform Weka. The spherical valued the Silicon Valley firm at $1.6 billion.
Runway: In June of 2023, Runway, a startup constructing generative AI instruments for multimedia content material creators, raised a $141 million Collection C extension from traders, together with Nvidia, Google, and Salesforce.
Brilliant Machines: In June 2024, Nvidia participated in a $126 million Collection C of Brilliant Machines, a wise robotics and AI-driven software program startup.
Enfabrica: In September 2023, Nvidia invested in networking chips designer Enfabrica’s $125 million Collection B. Though the startup raised one other $115 million in November, Nvidia didn’t take part within the spherical.
Editor’s be aware: A earlier model of this story incorrectly acknowledged that Nvidia is a backer of Secure Superintelligence and an investor in Huge Information’s Collection E spherical. Nvidia hasn’t invested in Huge Information because the firm’s Collection D.
{content material}
Supply: {feed_title}
