In the wave of the artificial intelligence revolution, Nvidia has become one of the biggest beneficiaries of this technological change with its leading position in the field of high-performance GPUs. Nvidia's revenue, profitability and cash reserves have all seen significant growth since ChatGPT ignited the market, and its share price has soared. As wealth accumulates, Nvidia is actively expanding its investment landscape in the field of artificial intelligence, especially in startups.
According to PitchBook, Nvidia significantly increased its venture capital efforts in 2024 and participated in 49 rounds of financing from artificial intelligence companies, a significant increase compared to 34 rounds in 2023. This figure even exceeds the sum of the previous four years (2019-2022), where Nvidia only invested in 38 artificial intelligence transactions. It is worth noting that these data do not include investments from NVIDIA's official corporate venture capital fund NVentures, which has also significantly increased investment activity over the past two years, participating in 24 transactions in 2024 and only 2 in 2022. Entering 2025, Nvidia has participated in 7 rounds of financing.
Nvidia said its corporate investment aims to further strengthen the AI ecosystem by supporting startups it sees as “game changers and market creators.” This strategy not only helps Nvidia consolidate its leadership in AI infrastructure, but also provides more possibilities for its future technological development.
Here is a list of startups that have invested more than $100 million as a designated player since 2023 (including new investments so far in 2025), ranked from high to low by financing scale:
Billion Dollar Club:
OpenAI: Nvidia first invested in ChatGPT maker in October, participating in its huge $6.6 billion financing, investing $100 million, bringing OpenAI valuation to $157 billion.
xAI: Nvidia participates in Elon Musk's $6 billion financing for xAI.
Inflection: Nvidia is one of the company's major investors in the $1.3 billion financing in June 2023.
Wayve: Nvidia participated in the UK’s self-driving startup’s $1.05 billion funding in May.
Scale AI: In May 2024, Nvidia joined forces with technology giants such as Amazon and Meta to invest $1 billion in Scale AI.
Hundreds of millions of dollars clubs:
Crusoe: Nvidia participated in the data center startup’s $686 million financing in late November.
Figure AI: In February 2024, Nvidia invested in a $675 million Series B financing round for the artificial intelligence robot startup.
Mistral AI: Nvidia reinvested its investment in Mistral AI in June to participate in its $640 million Series B financing.
Lambda: Nvidia participated in the AI cloud provider’s $480 million Series D funding round in February.
Cohere: Nvidia invested in Cohere’s $500 million financing in June, after investing in the company for the first time in 2023.
Perplexity: Nvidia has participated in every subsequent round of financing since its first investment in Perplexity in November 2023, including a $500 million financing in December.
Poolside: Nvidia participated in the AI programming assistant startup’s $500 million funding in October.
CoreWeave: Nvidia invested in the AI cloud computing provider in April 2023, and the company's valuation has soared to $19 billion and has applied for an IPO.
Together AI: Nvidia participated in the company's $305 million Series B financing in February, after investing for the first time in 2023.
Sakana AI: Nvidia invested in the Japanese generative AI startup in September, participating in its approximately $214 million Series A financing.
Imbue: Nvidia invested in the AI research lab’s $200 million funding in September 2023.
Waabi: Nvidia participated in the self-driving truck startup’s $200 million Series B round in June.
More than $100 million in deals:
Ayar Labs: Nvidia invested $155 million in Ayar Labs last December.
Kore.ai: Nvidia participated in a $150 million financing round for the enterprise-class AI chatbot startup in December 2023.
Hippocratic AI: Nvidia participated in the healthcare LLM startup’s $141 million Series B financing in January.
Weka: Nvidia invested $140 million in AI native data management platform Weka in May this year.
Runway: Nvidia participated in the $141 million Series C funding round of the multimedia generative AI tool startup in June 2023.
Bright Machines: Nvidia is involved in a $126 million Series C funding round in June 2024 by the smart robot and AI-driven software startup.
Enfabrica: Nvidia invested in a US$125 million Series B financing from network chip design company Enfabrica in September 2023.
By making large-scale investments in these promising artificial intelligence startups, Nvidia not only consolidates its leading position in the field of AI infrastructure, but is also actively building and expanding its future technological ecosystem, further establishing its core influence in the era of artificial intelligence.