No firm has capitalized on the AI revolution extra dramatically than Nvidia. Its income, profitability, and money reserves have skyrocketed because the introduction of ChatGPT over three years in the past — and the various aggressive generative AI companies which have launched since. Its inventory worth has soared, making it a $4.6 trillion market cap firm.
The world’s main high-performance GPU maker has used its ballooning fortunes to considerably enhance investments in startups, significantly in AI.
Nvidia has participated in practically 67 enterprise capital offers in 2025, surpassing the 54 offers the corporate accomplished in all of 2024, in accordance with PitchBook information. Word that these investments exclude these made by its formal company VC fund, NVentures, which additionally considerably elevated its funding tempo over that interval. (PitchBook says NVentures engaged in 30 offers this 12 months, in comparison with only one in 2022.)
Nvidia has stated that the objective of its company investing is to develop the AI ecosystem by backing startups it considers to be “sport changers and market makers.”
Beneath is a listing of startups that raised rounds exceeding $100 million since 2023 the place Nvidia is a named participant, organized from the best to lowest quantity raised within the spherical.
This checklist reveals simply how far and broad Nvidia has unfold its tentacles within the tech business, past supplying its merchandise.
The billion-dollar-round membership
OpenAI: Nvidia backed the ChatGPT maker for the primary time in October 2024, reportedly writing a $100 million examine as a part of 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 invested $1.3 billion in accordance with The New York Instances. Whereas PitchBook information signifies Nvidia didn’t take part in OpenAI’s $40 billion funding spherical that closed in March, the corporate introduced in September that it could make investments as much as $100 billion in OpenAI over time, structured as a strategic partnership to deploy huge AI infrastructure. Nvidia later revealed in its quarterly filings that it might not follow through, stating, “There isn’t any assurance that any funding shall be accomplished on anticipated phrases, if in any respect.”
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Anthropic: In November 2025, Nvidia made its first direct funding within the AI lab, committing up to $10 billion as a part of a strategic spherical that included a $5 billion examine from Microsoft. In a “round” spending settlement, Anthropic dedicated to spending $30 billion on Microsoft Azure compute capability, in addition to purchase Nvidia’s future Grace Blackwell and Vera Rubin techniques.
Cursor: In November, Nvidia made its first strategic funding within the AI-powered code assistant collaborating in a large $2.3 billion Collection D spherical co-led by Accel and Coatue. The deal valued Cursor at $29.3 billion, a virtually 15-fold enhance because the begin of the 12 months. Whereas Nvidia has lengthy been an enterprise buyer, the spherical marked its official entry as a shareholder alongside Google.
xAI: In 2024, OpenAI tried to influence its traders to not invest in any of its rivals. However Nvidia participated within the $6 billion spherical of Elon Musk’s xAI final December anyway. Nvidia will even make investments as much as $2 billion within the fairness portion of xAI’s deliberate $20 billion funding spherical, Bloomberg reported, a deal structured to assist xAI buy extra Nvidia gear.
Mistral AI: Nvidia invested in Mistral for the third time when the French-based massive language mannequin (LLM) developer raised a €1.7 billion (about $2 billion) Collection C at a €11.7billion ($13.5 billion) post-money valuation in September.
Reflection AI: In October, Nvidia was one of the vital important traders in Reflection AI, contributing to a $2 billion funding spherical that valued the one-year-old startup at $8 billion. Reflection AI is positioning itself as a U.S.-based competitor to Chinese language DeepSeek, whose open supply LLM provides a less-expensive different to closed supply fashions from firms reminiscent of OpenAI and Anthropic.
Pondering Machines Lab: Nvidia was amongst an extended checklist of traders who backed former OpenAI chief expertise officer Mira Murati’s Pondering Machines Lab’s $2 billion seed spherical. The funding, which was formally introduced in July, valued the brand new AI startup at $12 billion.
Inflection: One in every of Nvidia’s first important AI investments additionally had one of many extra uncommon (however more and more widespread) outcomes. In June 2023, Nvidia was one in every of a number of lead traders in Inflection’s $1.3 billion spherical, an organization co-founded by Mustafa Suleyman, the famed founding father of DeepMind. Lower than a 12 months later, Microsoft employed Inflection’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.
Crusoe: In October, the chipmaker participated in a $1.4 billion Series E spherical that valued the AI information middle developer at $10 billion. Nvidia first backed the corporate in late 2024 throughout its Collection D. Crusoe is a key infrastructure companion for the ‘Stargate’ project, constructing huge information middle campuses in Texas and Wyoming to be leased to Oracle particularly to energy OpenAI’s workloads.
Nscale: After the startup’s $1.1 billion round in September, Nvidia participated in Nscale’s $433 million SAFE funding in October. That’s a deal that secures future fairness for traders. Nscale, which shaped in 2023 after spinning out of Australian cryptocurrency mining firm Arkon Power, is constructing information facilities within the U.Okay. and Norway for OpenAI’s Stargate project.
Wayve: In Might 2024, Nvidia participated in a $1.05 billion spherical for the U.Okay.-based startup, which is creating a self-learning system for autonomous driving. Nvidia is anticipated to speculate a further $500 million in Wayve, the startup informed TechCrunch in September. Wayve is testing its automobiles within the U.Okay. and the San Francisco Bay Space.
Determine AI: In September, Nvidia participated in Determine AI’s Collection C funding spherical of over $1 billion, which valued the humanoid robotics startup at $39 billion. The chipmaker first invested in Determine in February 2024 when the corporate raised a $675 million Collection B spherical at a $2.6 billion valuation.
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 companies to firms for coaching AI fashions. The spherical valued the San Francisco-based firm at practically $14 billion. In June, Meta invested $14.3 billion for a 49% stake of Scale and employed away the corporate’s co-founder and CEO Alexandr Wang, in addition to a number of different key Scale staff.
The numerous-hundreds-of-millions-of-dollars membership
Commonwealth Fusion: The chipmaker participated within the nuclear fusion-energy startup’s $863 million funding spherical in August. The deal, which additionally included traders like Google and Breakthrough Power Ventures, valued the corporate at $3 billion.
Cohere: The chipmaker has invested in enterprise LLM supplier Cohere throughout a number of funding rounds, together with the $500 million Collection D, which closed in August, valuing Cohere at $6.8 billion. Nvidia first backed the Toronto-based startup in 2023.
Perplexity: Nvidia first invested in Perplexity in November 2023 and has participated in a lot of the subsequent funding rounds of the AI search engine startup, together with the $500 million spherical closed in December 2024. The chipmaker participated within the firm’s July funding spherical, which valued Perplexity at $18 billion. Nevertheless, Nvidia didn’t be a part of the startup’s subsequent $200 million fundraise in September, which boosted the corporate’s valuation to $20 billion, in accordance with PitchBook information.
Poolside: In October 2024, 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.
Lambda: AI cloud supplier Lambda, which gives 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 Make investments, and others. A big a part of Lambda’s enterprise includes renting servers powered by Nvidia’s GPUs.
Black Forest Labs: Nvidia participated in a $300 million Collection B for the German startup behind the “Flux” picture era fashions in December. The spherical, which was co-led by Salesforce Ventures and Anjney Midha (AMP) valued the corporate at $3.25 billion.
CoreWeave: Though CoreWeave is not a startup, however a public firm, Nvidia invested in GPU-cloud supplier when it was nonetheless one, again in April 2023. That’s when CoreWeave raised $221 million in funding. Nvidia stays a major shareholder.
Collectively AI: In February, Nvidia participated within the $305 million Series B of this firm, which provides cloud-based infrastructure for constructing AI fashions. The spherical valued Collectively AI at $3.3 billion and was co-led by Prosperity7, a Saudi Arabian enterprise agency, and Basic Catalyst. Nvidia backed the corporate for the primary time in 2023.
Firmus Applied sciences: In September, Firmus Applied sciences, the Singapore-based information middle firm, obtained an AU$330 million (roughly $215 million) in funding at an AU$1.85 billion ($1.2 billion) valuation from traders, together with Nvidia. Firmus is creating an energy-efficient “AI manufacturing unit” in Tasmania, an island state of Australia. The startup initially offered cooling applied sciences for Bitcoin mining.
Uniphore: In October, Nvidia joined fellow tech giants AMD, Snowflake, and Databricks to guide a $260 million Series F spherical into this Enterprise AI firm. Uniphore’s multimodal platform helps enterprises automate advanced workflows and deploy “AI brokers” throughout customer support, gross sales, and advertising and marketing.
Sakana AI: In September 2024, Nvidia invested in the Japan-based startup, which trains low-cost generative AI fashions utilizing small datasets. The startup raised a large Collection A spherical of about $214 million at a valuation of $1.5 billion. Sakana raised one other $135 million at a $2.65 billion valuation in November, however Nvidia didn’t take part within the spherical.
Nuro: In August, Nvidia participated in a $203 million funding spherical for the self-driving supply startup. The deal valued Nuro at $6 billion, a major 30% drop from its peak at $8.6 billion valuation in 2021.
Imbue: The AI analysis lab that claims to be creating 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 2024, the autonomous trucking startup raised a $200 million Collection B spherical co-led by current traders Uber and Khosla Ventures. Different traders included Nvidia, Volvo Group Enterprise Capital, and Porsche Automobil Holding SE.
Offers of over a $100 million
Ayar Labs: In December 2024, Nvidia invested within the $155 million round of Ayar Labs, a firm creating optical interconnects to enhance AI compute and energy effectivity. This was the third time Nvidia backed 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 funding included FTV Capital, Vistara Progress, and Sweetwater Non-public Fairness.
Sandbox AQ: In April, Nvidia, alongside Google, BNP Paribas, and others, invested $150 million in Sandbox AQ, a startup creating massive quantitative fashions (LQMs) for dealing with advanced numerical evaluation and statistical calculations. The funding elevated Sandbox AQ’s Collection E spherical to $450 million and the corporate’s valuation to $5.75 billion.
Hippocratic AI: This startup, which is creating massive language fashions for healthcare, introduced in January that it raised a $141 million Collection B at a valuation of $1.64 billion led by Kleiner Perkins. Nvidia participated within the spherical, together with returning traders Andreessen Horowitz, Basic Catalyst, and others. The corporate claims that its AI options can deal with non-diagnostic patient-facing duties reminiscent of pre-operating procedures, distant affected person monitoring, and appointment preparation. Hippocratic raised one other $126 million at a valuation of $3.5 billion in November, however Nvidia didn’t take part within the spherical.
Weka: In Might 2024, Nvidia invested in a $140 million spherical for AI-native information administration platform Weka. The spherical valued the Silicon Valley firm at $1.6 billion.
Runway: In April, Nvidia participated in Runway’s $308 million spherical, which was led by Basic Atlantic and valued the startup creating generative AI fashions for media manufacturing at $3.55 billion, in accordance with PitchBook information. The chipmaker has been an investor in since 2023.
Vibrant Machines: In June 2024, Nvidia participated in a $126 million Series C of Vibrant Machines, a sensible robotics and AI-driven software program startup.
Enfabrica: In September 2023, Nvidia invested in networking chips designer Enfabrica’s $125 million Collection B. The startup raised one other $115 million in November 2024, however Nvidia didn’t take part within the spherical. In September, Nvidia reportedly spent over $900 million to rent Enfabrica’s CEO and employees whereas licensing its expertise, in a deal structured as an “acquihire.”
Reka AI: In July, AI analysis lab Reka raised $110 million in a spherical that included Snowflake and Nvidia. The deal tripled the startup’s valuation to over $1 billion, in accordance with Bloomberg.
This submit was first revealed in January 2025.
