No firm has capitalized on the AI revolution extra dramatically than Nvidia. Its income, profitability, and money reserves have skyrocketed for the reason that introduction of ChatGPT over two years in the past — and the numerous aggressive generative AI companies which have launched since. And its inventory worth soared.
During 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 significantly in AI startups.
The chip big ramped up its enterprise capital exercise in 2024, taking part in 49 funding rounds for AI firms, a pointy enhance from 34 in 2023, in response to PitchBook knowledge. It’s a dramatic surge in funding in comparison with the earlier 4 years mixed, throughout which Nvidia funded solely 38 AI offers. Note 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 objective of its company investing is to broaden the AI ecosystem by backing startups it considers to be “sport changers and market makers.”
Below is a listing 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 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 verify 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 response to the New York Times 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 opponents. After investing within the ChatGPT maker in October, Nvidia joined xAI’s cap desk just a few months later.
Inflection: One of Nvidia’s first important AI investments additionally had one of the crucial uncommon outcomes. In June 2023, Nvidia was considered one of a number of lead traders in Inflection’s $1.3 billion spherical, an organization based by Mustafa Suleyman, who earlier based DeepMind. Less than a yr later, Microsoft employed Inflection AI’s founders, paying $620 million for a non-exclusive expertise license, leaving the corporate with a considerably diminished workforce and a much less outlined future.
Wayve: In May, 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 firm is testing its automobiles within the U.Okay. and the San Francisco Bay Area.
Scale AI: In May 2024, Nvidia joined Accel and different tech giants Amazon and Meta to speculate $1 billion in Scale AI, which supplies data-labeling companies to firms for coaching AI fashions. The spherical valued the San Francisco-based firm at almost $14 billion.
The many-hundreds-of-millions-of-dollars membership
Crusoe: A startup constructing knowledge facilities reportedly to be leased to Oracle, Microsoft, and OpenAI raised $686 million in late November, in response to an SEC submitting. The funding was led by Founders Fund, and the lengthy record of different traders included Nvidia.
Figure AI: In February 2024, AI robotics startup Figure raised a $675 million Series 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 massive language mannequin developer raised a $640 million Series B at a $6 billion valuation in June.
Lambda: AI cloud supplier Lambda, which supplies companies for mannequin coaching, raised a $480 million Series 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 Invest 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 response to PitchBook knowledge.
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 Initial Public Offering. CoreWeave permits its clients to lease Nvidia GPUs on an hourly foundation.
Together AI: In February, Nvidia participated within the $305 million Series B of this firm, which gives cloud-based infrastructure for constructing AI fashions. The spherical valued TogetherAi at $3.3 billion, and was co-led by Prosperity7, a Saudi Arabian enterprise agency, and General 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 Series A spherical of about $214 million at a valuation of $1.5 billion.
Imbue: The AI analysis lab that claims to be growing AI techniques that may motive 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 Series B spherical co-led by current traders Uber and Khosla Ventures. Other traders included Nvidia, Volvo Group Venture Capital, and Porsche Automobil Holding SE.
Deals 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. In addition to Nvidia, traders taking part within the funding included FTV Capital, Vistara Growth, and Sweetwater Private Equity.
Hippocratic AI: This startup, which is growing massive language fashions for healthcare, introduced in January that it raised a $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins. Nvidia participated within the spherical, together with returning traders Andreessen Horowitz, General Catalyst and others. The firm claims that its AI options can deal with non-diagnostic patient-facing duties similar to pre-operating procedures, distant affected person monitoring, and appointment preparation.
Weka: In May, Nvidia invested in a $140 million spherical for AI-native knowledge 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 Series C extension from traders, together with Nvidia, Google, and Salesforce.
Bright Machines: In June 2024, Nvidia participated in a $126 million Series C of Bright Machines, a sensible robotics and AI-driven software program startup.
Enfabrica: In September 2023, Nvidia invested in networking chips designer Enfabrica’s $125 million Series B. Although the startup raised one other $115 million in November, Nvidia didn’t take part within the spherical.
Editor’s notice: Previous model of this story incorrectly acknowledged that Nvidia is a backer of Safe Superintelligence and an investor in Vast Data’s Series E spherical. Nvidia hasn’t invested in Vast Data for the reason that firm’s Series D.
