No company has actually profited from the AI revolution more dramatically than Nvidia.
Its earnings, profitability, and money reserves have actually skyrocketed given that the intro of ChatGPT over 2 years ago and the lots of competitive generative AI services that have launched given that.
And its stock rate soared.During that duration, the worlds leading high-performance GPU maker has utilized its ballooning fortunes to substantially increase financial investments in all sorts of startups however particularly in AI startups.The chip giant ramped up its equity capital activity in 2024, participating in 49 financing rounds for AI companies, a sharp boost from 34 in 2023, according to PitchBook data.
Its a dramatic rise in investment compared to the previous four years integrated, during which Nvidia funded just 38 AI deals.
Note that these financial investments omit those made by its official corporate VC fund, NVentures, which likewise considerably increase its investing in the last two years.
(PitchBook says NVentures engaged in 24 handle 2024, compared to simply 2 in 2022.)In 2025, Nvidia has actually currently participated in 7 rounds.Nvidia has actually stated that the objective of its business investing is to broaden the AI ecosystem by backing startups it considers to be game changers and market makers.Below is a list of start-ups that raised rounds exceeding $100 million where Nvidia is a named participant given that 2023, including new ones it has backed up until now in 2025, organized from the highest total up to lowest raised in the round.The billion-dollar-round clubOpenAI: Nvidia backed the ChatGPT maker for the very first time in October, reportedly composing a $100 million check toward a colossal $6.6 billion round that valued the company at $157 billion.
The chipmakers financial investment was overshadowed by OpenAIs other backers, notably Thrive, which according to the New York Times invested $1.3 billion.xAI: Nvidia took part in the $6 billion round of Elon Musks xAI.
The deal exposed that not all of OpenAIs financiers followed its demand to refrain from backing any of its direct competitors.
After buying the ChatGPT maker in October, Nvidia signed up with xAIs cap table a few months later.Inflection: One of Nvidias very first considerable AI investments likewise had one of the most uncommon outcomes.
In June 2023, Nvidia was one of several lead financiers in Inflections $1.3 billion round, a business established by Mustafa Suleyman, who previously founded DeepMind.
Less than a year later, Microsoft hired Inflection AIs founders, paying $620 million for a non-exclusive innovation license, leaving the company with a considerably reduced labor force and a less defined future.Wayve: In May, Nvidia took part in a $1.05 billion round for the U.K.-based start-up, which is establishing a self-learning system for self-governing driving.
The business is evaluating its cars in the U.K.
and the San Francisco Bay Area.Scale AI: In May 2024, Nvidia joined Accel and other tech giants Amazon and Meta to invest $1 billion in Scale AI, which provides data-labeling services to companies for training AI models.
The round valued the San Francisco-based company at nearly $14 billion.The many-hundreds-of-millions-of-dollars clubCrusoe: A startup structure information centers reportedly to be leased to Oracle, Microsoft, and OpenAI raised $686 million in late November, according to an SEC filing.
The investment was led by Founders Fund, and the long list of other financiers consisted of 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 round valued the business at $2.6 billion.Mistral AI: Nvidia bought Mistral for the second time when the French-based large language model designer raised a $640 million Series B at a $6 billion valuation in June.Lambda: AI cloud company Lambda, which supplies services for design training, raised a $480 million Series D at a reported $2.5 billion assessment in February.
The round was co-led by SGW and Andra Capital Lambda, and joined by Nvidia, ARK Invest, and others.
A considerable part of Lambdas company involves renting servers powered by Nvidias GPUs.Cohere: In June, Nvidia invested in Coheres $500 million round, a big language design service provider serving business.
The chipmaker initially backed the Toronto-based startup in 2023.
Perplexity: Nvidia initially invested in Perplexity in November of 2023 and has participated in every subsequent round of the AI search engine start-up, including the $500 million round in December, which values the business at $9 billion, according to PitchBook data.Poolside: In October, theAIcoding assistant startup Poolside announced it raised $500 million led by Bain Capital Ventures.
Nvidia participated in the round, which valued the AI start-up at $3 billion.CoreWeave: Nvidia bought the AI cloud computing company in April 2023, when CoreWeave raised $221 million in financing.
Ever since, CoreWeaves appraisal has actually jumped from about $2 billion to $19 billion, and the company has applied for an IPO.
CoreWeave allows its clients to rent Nvidia GPUs on a hourly basis.Together AI: In February, Nvidia took part in the $305 million Series B of this business, which uses cloud-based facilities for developing AI designs.
The round valued Together AI at $3.3 billion and was co-led by Prosperity7, a Saudi Arabian endeavor firm, and General Catalyst.
Nvidia backed the company for the first time in 2023.
Sakana AI: In September, Nvidia invested intheJapan-based startup, which trains inexpensive generative AI designs using small datasets.
The startup raised an enormous Series A round of about $214 million at an appraisal of $1.5 billion.Imbue: The AI research lab thatclaims to be developing AI systems that can reason and code raised a $200 million round in September 2023 from financiers, consisting of Nvidia, Astera Institute, and former Cruise CEO Kyle Vogt.Waabi: In June, the self-governing trucking startup raised a $200 million Series B round co-led by existing investors Uber and Khosla Ventures.
Other investors included Nvidia, Volvo Group Venture Capital, and Porsche Automobil Holding SE.Deals of over a $100 millionAyar Labs: In December, Nvidia purchased the $155 million round of Ayar Labs, acompany developing optical interconnects to enhance AI compute and power efficiency.This was the third time Nvidia backed the startup.Kore.ai: The start-up establishing enterprise-focused AI chatbots raised $150 million in December of 2023.
In addition to Nvidia, financiers taking part in the financing consisted of FTV Capital, Vistara Growth, and Sweetwater Private Equity.Sandbox AQ: In April, Nvidia, together with Google, BNP Paribas and others, invested $150 million in Sandbox AQ, a startup establishing large quantitative models (LQMs) for managing complex mathematical analysis and statistical computations.
The financial investment increased Sandbox AQs Series E round to $450 million and the companys evaluation to $5.75 billion.Hippocratic AI: This start-up, which is developing large language models for health care, announced in January that it raised a $141 million Series B at an appraisal of $1.64 billion led by Kleiner Perkins.
Nvidia participated in the round, in addition to returning investors Andreessen Horowitz, General Catalyst, and others.
The company claims that its AI solutions can handle non-diagnostic patient-facing jobs such as pre-operating treatments, remote client tracking, and appointment preparation.Weka: In May, Nvidia invested in a $140 million round for AI-native data management platform Weka.The round valued the Silicon Valley business at $1.6 billion.Runway: In June of 2023, Runway, a startup building generative AI tools for multimedia content creators, raised a $141 million Series C extension from investors, including Nvidia, Google, and Salesforce.Bright Machines: In June 2024, Nvidia participated in a $126 million Series C of Bright Machines, a clever robotics and AI-driven software application startup.Enfabrica: In September 2023, Nvidia bought networking chips designer Enfabricas $125 million Series B.
Although the start-up raised another $115 million in November, Nvidia didnt participate in the round.Editors note: A previous version of this story improperly stated that Nvidia is a backer of Safe Superintelligence and an investor in Vast Datas Series E round.
Nvidia hasnt bought Vast Data considering that the companys Series D.