"Semiconductor giant Nvidia is looking to invest at least $500 million, and up to $1 billion, in Poolside, which builds AI models for software development, according to reporting from Bloomberg, which cited sources. This investment would be part of a $2 billion funding round Poolside is raising at a $12 billion valuation, according to Bloomberg. Nvidia's investment could rise to $1 billion if the company successfully completes the rest of the funding round, Bloomberg reported."
"This wouldn't be Nvidia's first investment in Poolside. The company previously backed Poolside in its $500 million Series B round in October 2024. Nvidia, already a prolific investor in AI startups, has been broadening its portfolio to include diverse sectors. For example, Nvidia said it was exploring a $500 million investment into U.K.-based self-driving company Wayve in October. Last month, the company took a $5 billion stake in Intel with plans for future chip collaboration."
Nvidia plans to invest between $500 million and $1 billion in Poolside, which develops AI models for software development. The investment would be part of a $2 billion funding round that values Poolside at $12 billion. Nvidia's stake could increase to $1 billion if the remaining funding round commitments are completed. Nvidia previously participated in Poolside's $500 million Series B in October 2024. Nvidia has broadened its investment portfolio across AI and other sectors, including exploration of a $500 million investment in Wayve and a recent $5 billion stake in Intel for future chip collaboration.
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