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 to invest a billion-dollar scale AI offering services to sign companies data to train AI models. The round valued the San Francisco-based company at nearly $14 billion.
Million Dollar Club
CRUSOE: Startup Bildal Data Center, which is reportedly leased to Oracle, Microsoft and Openai in late November, raised $686 million in late November, according to a SEC filing. The investment was led by the Founders Fund, with Nvidia on a long list of other investors.
Figure AI: In February 2024, AI Robotics startup figures 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 Mistral for the second time in June when a leading French-based language model developer raised 640 million Series B at a valuation of $600 million.
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.
Cohere: 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.
Confused: Nvidia first invested in Confused in November 2023, taking part in all rounds of AI search engine startups, including the $500 million round in December.
Poolside: In October, AI Coding Assistant Startup Poolside announced it had raised $500 million, led by Bain Capital Ventures. Nvidia took part in the round and valued the AI startup at $3 billion.
CoreWeave: Nvidia invested in AI cloud computing providers in April 2023. Since then, CoreWeave's valuation has 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 took part in the company's $305 million Series B. It provides a cloud-based infrastructure for building AI models. Together, the round was treasured at $3.3 billion, and was co-led by Saudi ventures Prosperity7 and General Catalyst. Nvidia first supported the company in 2023.
Sakana AI: In September, Nvidia invested in a Japan-based startup. This startup 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: The AI lab claims to be 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 raised a $200 million Series B round co-led 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 invested in a $155 million round of Ayar Labs, which is 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.
The startup, which develops a large-scale language model for Hippocratic AI: Healthcare, announced in January that it had raised a $141 million Series B at a $1.644 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 preparatory appointments.
Weka: In May, Nvidia invested in a $140 million round in AI-Native data management platform Weka. The round valued Silicon Valley Company at $1.6 billion.
Runway: In June 2023, Runway, an AI tool for generating emerging construction for multimedia content creators, raised a $141 million Series C expansion from investors such as NVIDIA, Google, and Salesforce.
Bright Machines: In June 2024, Nvidia joined the $126 million Series C Bright Machines, Smart Robotics and AI-driven software startup.
Enfabrica: In September 2023, Nvidia invested in Networking Chips Designer Enfabrica's $125 million Series B. It raised another $115 million in November, but Nvidia did not participate in the round.
Editor's Note: Previous versions of this story mistakenly stated that Nvidia is a supporter of safe emergency matters and an investor in the vast E-round data series. Nvidia has not invested in a huge amount of data since the company's Series D.