Semiconductor big Nvidia is reportedly trying to make a large funding in AI software program improvement platform Poolside.
Nvidia is trying to make investments at the least $500 million, and as much as $1 billion, in Poolside, which builds AI fashions for software program improvement, based on reporting from Bloomberg, which cited sources. This funding could be a part of a $2 billion funding spherical Poolside is elevating at a $12 billion valuation, based on Bloomberg.
Nvidia’s funding may rise to $1 billion if the corporate efficiently completes the remainder of the funding spherical, Bloomberg reported.
This wouldn’t be Nvidia’s first funding in Poolside. Nvidia beforehand backed Poolside in its $500 million Sequence B spherical in October 2024.
Nvidia, already a prolific investor in AI startups, has been broadening its portfolio to incorporate various sectors. For instance, Nvidia mentioned it was exploring a $500 million funding into U.Ok.-based self-driving firm Wayve in October. Final month, the corporate took a $5 billion stake in Intel with plans for future chip collaboration.
Trendster reached out to Poolside for extra data.
