NVIDIA is reportedly preparing an investment of up to $1 billion in Poolside, a company specializing in AI models for software development, according to sources cited by Bloomberg. This potential capital infusion is part of a larger $2 billion funding round that could value Poolside at $12 billion upon its completion.
The semiconductor manufacturer's investment is projected to be at least $500 million, with the possibility of increasing to $1 billion should Poolside successfully secure the remaining capital for its funding round, Bloomberg reported. This marks a continued financial relationship between the two entities, as NVIDIA previously participated in Poolside's $500 million Series B funding round in October 2024.
NVIDIA has actively expanded its investment portfolio, with a particular focus on artificial intelligence startups across diverse technological sectors. This strategy has seen the company undertake several significant investments in recent months, underscoring its strategic commitment to various emerging industrial AI applications.
In October, NVIDIA was reportedly exploring a $500 million investment in Wayve, a U.K.-based self-driving technology company. Additionally, the company acquired a $5 billion stake in Intel in the preceding month, an action signaling plans for future collaboration on chip development. These investments reflect NVIDIA's broadening strategic footprint across the industrial technology landscape, extending beyond its core semiconductor manufacturing operations into advanced AI and automation sectors.
Poolside, which focuses on developing AI models designed to enhance software development processes, is positioned within a rapidly expanding segment of the AI market. This latest funding round, with NVIDIA's reported involvement, could significantly impact its operational scale and product development capabilities.
