Semiconductor leader Nvidia is investing a substantial amount in the AI software development platform Poolside. According to sources cited by Bloomberg, Nvidia plans to invest between $500 million and $1 billion in Poolside, a company known for constructing AI models for software development. This investment is part of Poolside’s ongoing $2 billion funding round, which values the company at $12 billion.
If the investment is successful, Nvidia’s stake in Poolside could reach $1 billion by the completion of the funding round. Nvidia’s interest in Poolside is not new, as the company had previously participated in Poolside’s $500 million Series A funding round in 2024.
Nvidia’s investment diversification strategy extends beyond Poolside, with recent moves such as exploring a $500 million investment in the U.K.-based self-driving firm Wayve. Additionally, Nvidia secured a $5 billion stake in Intel, indicating plans for future collaboration in chip development.
TechCrunch has reached out to Poolside for further details on this potential investment.
Source: TechCrunch