Nvidia’s AI investment strategy: Inside its top startup bets

January 13, 2025

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Artificial Intelligence

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No company has leveraged the AI revolution as effectively as Nvidia. Building on its financial success, Nvidia has significantly increased its investments in startups, particularly in the AI space. In 2024, the company participated in 49 funding rounds for AI firms, up from 34 in 2023, according to PitchBook data.

Nvidia emerged as the most aggressive tech player in AI startup funding over the past two years, with 83 deals compared to Alphabet’s 73 and Microsoft’s 40 during the same period.

Key investments:

Perplexity: Nvidia has been a consistent backer of the AI search engine startup since November 2023. In December 2024, Perplexity AI closed a $500 million funding round , tripling its valuation to $9 billion, as per sources. The company is developing a search product to compete with Alphabet Inc.’s Google.

xAI: Nvidia participated in the $6 billion funding round of Elon Musk’s xAI , in December.

Wayve: Nvidia contributed to a $1.05 billion funding round in May 2024 for the UK-based autonomous driving startup.

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Also Read: US-based AI startups that raised over $100 million in funding in 2024Scale AI: In May, Nvidia joined Amazon, Meta and Accel in a $1 billion investment in Scale AI , which provides data-labelling services for AI model training.

Figure AI: The robotics startup raised $675 million in February from Nvidia , Microsoft and others.

Mistral AI: Nvidia made a second investment in the French large language model developer, contributing to its $640 million Series B at a $6 billion valuation in June.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Nvidia’s AI investment strategy: Inside its top startup bets

January 13, 2025

, By admin

Artificial Intelligence

No company has leveraged the AI revolution as effectively as Nvidia. Building on its financial success, Nvidia has significantly increased its investments in startups, particularly in the AI space. In 2024, the company participated in 49 funding rounds for AI firms, up from 34 in 2023, according to PitchBook data.

Nvidia emerged as the most aggressive tech player in AI startup funding over the past two years, with 83 deals compared to Alphabet’s 73 and Microsoft’s 40 during the same period.

Key investments:

Perplexity: Nvidia has been a consistent backer of the AI search engine startup since November 2023. In December 2024, Perplexity AI closed a $500 million funding round , tripling its valuation to $9 billion, as per sources. The company is developing a search product to compete with Alphabet Inc.’s Google.

xAI: Nvidia participated in the $6 billion funding round of Elon Musk’s xAI , in December.

Wayve: Nvidia contributed to a $1.05 billion funding round in May 2024 for the UK-based autonomous driving startup.

Discover the stories of your interest

Also Read: US-based AI startups that raised over $100 million in funding in 2024Scale AI: In May, Nvidia joined Amazon, Meta and Accel in a $1 billion investment in Scale AI , which provides data-labelling services for AI model training.

Figure AI: The robotics startup raised $675 million in February from Nvidia , Microsoft and others.

Mistral AI: Nvidia made a second investment in the French large language model developer, contributing to its $640 million Series B at a $6 billion valuation in June.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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