No corporate has capitalized at the AI revolution extra dramatically than Nvidia. Its earnings, profitability, and money reserves have skyrocketed for the reason that creation of ChatGPT over two years in the past — and the various aggressive generative AI services and products that experience introduced since. And its inventory value soared.
Throughout that duration, the arena’s main high-performance GPU maker has used its ballooning fortunes to noticeably build up investments in all kinds of startups however in particular in AI startups.
The chip massive ramped up its mission capital process in 2024, collaborating in 49 investment rounds for AI corporations, a pointy build up from 34 in 2023, consistent with PitchBook records. It’s a dramatic surge in funding in comparison to the former 4 years mixed, all the way through which Nvidia funded handiest 38 AI offers. Be aware that those investments exclude the ones made by way of its formal company VC fund, NVentures, which additionally considerably ramped up its making an investment within the closing two years. (PitchBook says NVentures engaged in 24 offers in 2024, in comparison to simply 2 in 2022.)
In 2025, Nvidia has already participated in seven rounds.
Nvidia has mentioned that the objective of its company making an investment is to enlarge the AI ecosystem by way of backing startups it considers to be “recreation changers and marketplace makers.”
Underneath is an inventory of startups that raised rounds exceeding $100 million the place Nvidia is a named player since 2023, together with new ones it has subsidized thus far in 2025, arranged from the very best quantity to lowest raised within the around.
The billion-dollar-round membership
OpenAI: Nvidia subsidized the ChatGPT maker for the primary time in October, reportedly writing a $100 million take a look at towards a colossal $6.6 billion around that valued the corporate at $157 billion. The chipmaker’s funding was once dwarfed by way of OpenAI’s different backers, particularly Thrive, which consistent with the New York Occasions invested $1.3 billion.
xAI: Nvidia participated within the $6 billion around of Elon Musk’s xAI. The deal published that no longer all of OpenAI’s traders adopted its request to chorus from backing any of its direct competition. After making an investment within the ChatGPT maker in October, Nvidia joined xAI’s cap desk a couple of months later.
Inflection: One in every of Nvidia’s first important AI investments additionally had some of the peculiar results. In June 2023, Nvidia was once one among a number of lead traders in Inflection’s $1.3 billion around, an organization based by way of Mustafa Suleyman, who previous based DeepMind. Not up to a yr later, Microsoft employed Inflection AI’s founders, paying $620 million for a non-exclusive era license, leaving the corporate with a considerably reduced staff and a much less outlined long term.
Wayve: In Might, Nvidia participated in a $1.05 billion around for the U.Ok.-based startup, which is creating a self-learning machine for self reliant using. The corporate is checking out its automobiles within the U.Ok. and the San Francisco Bay House.
Scale AI: In Might 2024, Nvidia joined Accel and different tech giants Amazon and Meta to speculate $1 billion in Scale AI, which gives data-labeling services and products to corporations for coaching AI fashions. The around valued the San Francisco-based corporate at just about $14 billion.
The various-hundreds-of-millions-of-dollars membership
Crusoe: A startup development records facilities reportedly to be leased to Oracle, Microsoft, and OpenAI raised $686 million in overdue November, consistent with an SEC submitting. The funding was once led by way of Founders Fund, and the lengthy checklist of alternative traders integrated Nvidia.
Determine AI: In February 2024, AI robotics startup Determine raised a $675 million Sequence B from Nvidia, OpenAI Startup Fund, Microsoft, and others. The around valued the corporate at $2.6 billion.
Mistral AI: Nvidia invested in Mistral for the second one time when the French-based massive language style developer raised a $640 million Sequence B at a $6 billion valuation in June.
Lambda: AI cloud supplier Lambda, which gives services and products for style coaching, raised a $480 million Sequence D at a reported $2.5 billion valuation in February. The around was once co-led by way of SGW and Andra Capital Lambda, and joined by way of Nvidia, ARK Make investments and others. A vital a part of Lambda’s industry comes to renting servers powered by way of Nvidia’s GPUs.
Cohere: In June, Nvidia invested in Cohere’s $500 million around, a big language style supplier serving enterprises. The chipmaker first subsidized the Toronto-based startup in 2023.
Perplexity: Nvidia first invested in Perplexity in November of 2023 and has participated in each next around of the AI seek engine startup, together with the $500 million around in December, which values the corporate at $9 billion, consistent with PitchBook records.
Poolside: In October, the AI coding assistant startup Poolside introduced it raised $500 million led by way of Bain Capital Ventures. Nvidia participated within the around, 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 investment. Since then, CoreWeave’s valuation has jumped from about $2 billion to $19 billion, and the corporate has filed for an IPO. CoreWeave lets in its consumers to hire Nvidia GPUs on an hourly foundation.
In combination AI: In February, Nvidia participated within the $305 million Sequence B of this corporate, which gives cloud-based infrastructure for development AI fashions. The around valued TogetherAi at $3.3 billion, and was once co-led by way of Prosperity7, a Saudi Arabian mission company, and Normal Catalyst. Nvidia subsidized the corporate for the primary time in 2023.
Sakana AI: In September, Nvidia invested within the Japan-based startup, which trains cheap generative AI fashions the usage of small datasets. The startup raised a large Sequence A around of about $214 million at a valuation of $1.5 billion.
Imbue: The AI analysis lab that says to be creating AI methods that may reason why and code raised a $200 million around in September 2023 from traders, together with Nvidia, Astera Institute, and previous Cruise CEO Kyle Vogt.
Waabi: In June, the self reliant trucking startup raised a $200 million Sequence B around co-led by way of present traders Uber and Khosla Ventures. Different traders integrated Nvidia, Volvo Staff Undertaking Capital, and Porsche Automobil Keeping SE.
Offers of over a $100 million
Ayar Labs: In December, Nvidia invested within the $155 million around of Ayar Labs, an organization creating optical interconnects to strengthen AI compute and gear potency. This was once the 3rd time Nvidia subsidized the startup.
Kore.ai: The startup creating enterprise-focused AI chatbots raised $150 million in December of 2023. Along with Nvidia, traders collaborating within the investment integrated FTV Capital, Vistara Expansion, and Sweetwater Personal Fairness.
Hippocratic AI: This startup, which is creating massive language fashions for healthcare, introduced in January that it raised a $141 million Sequence B at a valuation of $1.64 billion led by way of Kleiner Perkins. Nvidia participated within the around, in conjunction with returning traders Andreessen Horowitz, Normal Catalyst and others. The corporate claims that its AI answers can maintain non-diagnostic patient-facing duties similar to pre-operating procedures, far flung affected person tracking, and appointment preparation.
Weka: In Might, Nvidia invested in a $140 million around for AI-native records control platform Weka. The around valued the Silicon Valley corporate at $1.6 billion.
Runway: In June of 2023, Runway, a startup development generative AI equipment for multimedia content material creators, raised a $141 million Sequence C extension from traders, together with Nvidia, Google, and Salesforce.
Vibrant Machines: In June 2024, Nvidia participated in a $126 million Sequence C of Vibrant Machines, a sensible robotics and AI-driven instrument startup.
Enfabrica: In September 2023, Nvidia invested in networking chips fashion designer Enfabrica’s $125 million Sequence B. Even supposing the startup raised any other $115 million in November, Nvidia didn’t take part within the around.
Editor’s observe: Earlier model of this tale incorrectly mentioned that Nvidia is a backer of Protected Superintelligence and an investor in Huge Knowledge’s Sequence E around. Nvidia hasn’t invested in Huge Knowledge for the reason that corporate’s Sequence D.