No company has taken advantage of the AI revolution more dramatically than Nvidia. Revenue, profitability and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago, and are many competitive generation AI services launched since. And the stock price rose sharply.
During that period, the world's leading high-performance GPU manufacturers have used balloon fate to significantly increase their investments in all kinds of startups, particularly AI startups.
The chip giant increased its venture capital activities in 2024, taking part in 49 funding rounds for AI companies, a sharp increase from 34 in 2023. This is a dramatic surge in investment compared to the past four years when NVIDIA funded only 38 AI transactions. Please note that these investments exclude investments created by Nventures, a formal corporate VC fund. (Nventures is engaged in 24 transactions in 2024, compared to just 2 in 2024, according to Pitchbook.)
In 2025, Nvidia has already participated in seven rounds.
Nvidia says the goal of corporate investment is to expand the AI ecosystem by supporting startups considered “game changers and market makers.”
Below is a list of startups that have raised more than $100 million rounds, which Nvidia has been nominated participants since 2023. This was organized from the lowest amount in the round, including the new ones that have been supported so far in 2025.
A billion dollar round club
Openai: Nvidia first supported ChatGPT makers in October, reportedly writing a $100 million check for a huge $6.6 billion round that valued the company at $157 billion. Chipmaker's investment was particularly prosperous, as it was warped by other supporters of Openai, according to the New York Times.
xai: Nvidia took part in Elon Musk's Xai's $6 billion round. The deal revealed that not all Openai investors are following requests to refrain from direct competitors. After investing in ChatGpt makers in October, Nvidia joined Xai's cap table a few months later.
Inflection: One of Nvidia's first significant AI investments also had one of the most unusual results. In June 2023, Nvidia was one of several major investors in a $1.3 billion round of Filffection, a company founded by Mustafa Suleyman, who previously founded DeepMind. Less than a year later, Microsoft hired the founder of Inflection AI, paying $620 million for a non-exclusive technology license, with a massive decline in employees and a massive decline in future futures.
Wayve: In May, NVIDIA took part in a $1.05 billion round for a UK-based startup that is developing self-learning systems for autonomous driving. The company is testing vehicles in the UK and San Francisco Gulf regions.
Scale AI: In May 2024, Nvidia joined Accel and other tech giants Amazon and Meta, investing $1 billion in scale AI, which provides data labeling services to businesses to train AI models. The round valued the San Francisco-based company at nearly $14 billion.
Million Dollar Club
Crusoe: The startup building data center, which is reportedly leased to Oracle, Microsoft and Openai in late November, raised $686 million in late November, according to SEC filing. The investment was led by the Founders Fund, with Nvidia on a long list of other investors.
Figure AI: February 2024, AI Robotics startup figures have raised a $675 million Series B from Nvidia, Openai Startup Fund, Microsoft and others. The round valued the company at $2.6 billion.
Mistral AI: Nvidia invested in the second Mistral in June when a leading French-based language model developer raised a $640 million Series B at a $6 billion valuation.
lambda: Lambda, an AI cloud provider that serves model training, raised a $480 million Series D at a reported $2.5 billion valuation in February. The round was co-led by SGW and Andra Capital Lambda, with Nvidia and Ark Invest among others. A key part of Lambda's business is renting servers with Nvidia GPUs.
cooperation: In June, Nvidia invested in a $500 million round of Cohere, a large language model provider serving businesses. The chipmaker first supported the Toronto-based startup in 2023.
Confusing: Nvidia first invested in the bewilderment in November 2023, taking part in all rounds of AI search engine startups, including the $500 million round in December.
Poolside: October, ai Coding Assistant Startup Poolside has announced that it has raised $500 million, led by Bain Capital Venture. Nvidia took part in the round and valued the AI startup at $3 billion.
coreweave: Nvidia invested in an AI cloud computing provider in April 2023, and CoreWeave raised $221 million. Since then, CoreWeave's valuation jumped from around $2 billion to $19 billion, and the company has filed for an IPO. CoreWeave allows customers to rent NVIDIA GPUs per hour.
Together ai: In February, Nvidia joined the company's $305 million Series B. It provides a cloud-based infrastructure for building AI models. The round treasured AI for $3.3 billion and was co-led by Prosperity7, a Saudi venture and General Catalyst. Nvidia first supported the company in 2023.
Sakana Ai: In September, Nvidia invested A Japanese-based startup that trains low-cost generation AI models using small datasets. The startup has raised a massive Series A round of around $214 million at a valuation of $1.5 billion.
Imbue: AI Research Lab It claims it is developing an AI system that can infer and code a $200 million round in September 2023 from investors including NVIDIA, Astera Institute and former Cruise CEO Kyle Vogt.
Waabi: In June, the automatic transportation startup jointly raised a $200 million Series B round by existing investors Uber and Khosla Ventures. Other investors include Nvidia, Volvo Group Venture Capital, and Porsche Automobil Holding SE.
Over $100 million transactions
Ayar Labs: In December, Nvidia saw Ayar Labs, which cost $155 million. We are developing optical interconnects to improve AI calculations and power efficiency. This was the third time Nvidia has supported a startup.
kore.ai: The enterprise-focused AI chatbot development startup raised $150 million in December 2023. In addition to NVIDIA, investors participating in the funds include FTV Capital, Vistara Growth and Sweetwater Private Equity.
Sandbox AQ: In April, NVIDIA, alongside Google, BNP Paribas, invested $150 million in Sandbox AQ. It developed a large-scale quantitative model (LQMS) for handling complex numerical analysis and statistical calculations. The investment increased Sandbox AQ Series E to $450 million, and the company's valuation increased to $5.755 billion.
Hippocrates AI: The startup, which develops a large-scale language model for healthcare, announced in January it raised a $141 million Series B at a $164 billion valuation led by Kleiner Perkins. Nvidia took part in the round, along with investors Andreessen Horowitz, General Catalyst and others. The company claims that AI solutions can handle tasks aimed at non-diagnostic patients, such as pre-diagnostic procedures, remote patient monitoring, and appointment preparation.
Weka: In May, Nvidia invested in a $140 million round of AI-Native data management platform Weka. The round valued Silicon Valley Company at $1.6 billion.
Runway: In June 2023, Runway, a startup building generation AI tool for multimedia content creators, raised a $141 million Series C expansion from investors such as Nvidia, Google, and Salesforce.
Bright machine: In June 2024, Nvidia joined Smart Robotics, an AI-driven software startup of $126 million, Bright Machines.
enfabrica: In September 2023, Nvidia invested in Networking Chips Designer Enfabrica's $125 million Series B. In November, the startup raised another $115 million, but Nvidia did not participate in the round.
Editor's Note: An earlier version of this story falsely stated that Nvidia is a supporter of safe emergency matters and an investor in the Series E round of vast data. Nvidia has not invested in a huge amount of data since the company's Series D.
