Nvidia is reportedly investing up to $1 billion in Poolside
Semiconductor giant Nvidia is reportedly looking to make a significant investment in AI software development platform Poolside.
Nvidia wants to invest a minimum of $500 million and a maximum of $1 billion in Poolside, which builds AI models for software development. reporting from Bloombergciting sources. This investment would be part of a $2 billion funding round that Poolside is raising at a $12 billion valuation, according to Bloomberg.
Nvidia’s investment could reach $1 billion if the company successfully completes the remainder of its funding round, Bloomberg reported.
This would not be Nvidia’s first investment in Poolside. Nvidia previously backed Poolside in its $500 million Series B round in October 2024.
Nvidia, already a prolific investor in AI startups, has expanded its portfolio into various sectors. For example, Nvidia said it was exploring a $500 million investment in British self-driving company Wayve in October. Last month, the company took a $5 billion stake in Intel with plans for future chip collaboration.
TechCrunch reached out to Poolside for more information.
