No firm has capitalized on the AI revolution extra dramatically than Nvidia. Its income, profitability, and money reserves have skyrocketed for the reason that introduction of ChatGPT over two years in the past — and the various aggressive generative AI companies which have launched since. And its inventory worth soared.
During that interval, the world’s main high-performance GPU maker has used its ballooning fortunes to considerably enhance investments in all types of startups however notably in AI startups.
The chip large ramped up its enterprise capital exercise in 2024, collaborating in 49 funding rounds for AI corporations, a pointy enhance from 34 in 2023, in response to PitchBook knowledge. It’s a dramatic surge in funding in comparison with the earlier 4 years mixed, throughout which Nvidia funded solely 38 AI offers. Note that these investments exclude these made by its formal company VC fund, NVentures, which additionally considerably ramped up its investing within the final two years. (PitchBook says NVentures engaged in 24 offers in 2024, in comparison with simply 2 in 2022.)
In 2025, Nvidia has already participated in seven rounds.
Nvidia has said that the purpose of its company investing is to broaden the AI ecosystem by backing startups it considers to be “game changers and market makers.”
Below is a listing of startups that raised rounds exceeding $100 million the place Nvidia is a named participant since 2023, together with new ones it has backed to date in 2025, organized from the very best quantity to lowest raised within the spherical.
The billion-dollar-round membership
OpenAI: Nvidia backed the ChatGPT maker for the primary time in October, reportedly writing a $100 million examine towards a colossal $6.6 billion spherical that valued the corporate at $157 billion. The chipmaker’s funding was dwarfed by OpenAI’s different backers, notably Thrive, which in response to the New York Times invested $1.three billion.
xAI: Nvidia participated within the $6 billion spherical of Elon Musk’s xAI. The deal revealed that not all of OpenAI’s buyers adopted its request to chorus from backing any of its direct rivals. After investing within the ChatGPT maker in October, Nvidia joined xAI’s cap desk just a few months later.
Inflection: One of Nvidia’s first important AI investments additionally had one of the uncommon outcomes. In June 2023, Nvidia was considered one of a number of lead buyers in Inflection’s $1.three billion spherical, an organization based by Mustafa Suleyman, who earlier based DeepMind. Less than a yr later, Microsoft employed Inflection AI’s founders, paying $620 million for a non-exclusive know-how license, leaving the corporate with a considerably diminished workforce and a much less outlined future.
Wayve: In May, Nvidia participated in a $1.05 billion spherical for the U.Okay.-based startup, which is growing a self-learning system for autonomous driving. The firm is testing its autos within the U.Okay. and the San Francisco Bay Area.
Scale AI: In May 2024, Nvidia joined Accel and different tech giants Amazon and Meta to take a position $1 billion in Scale AI, which offers data-labeling companies to corporations for coaching AI fashions. The spherical valued the San Francisco-based firm at almost $14 billion.
The many-hundreds-of-millions-of-dollars membership
Crusoe: A startup constructing knowledge facilities reportedly to be leased to Oracle, Microsoft, and OpenAI raised $686 million in late November, in response to an SEC submitting. The funding was led by Founders Fund, and the lengthy record of different buyers included Nvidia.
Figure AI: In February 2024, AI robotics startup Figure raised a $675 million Series B from Nvidia, OpenAI Startup Fund, Microsoft, and others. The spherical valued the corporate at $2.6 billion.
Mistral AI: Nvidia invested in Mistral for the second time when the French-based giant language mannequin developer raised a $640 million Series B at a $6 billion valuation in June.
Lambda: AI cloud supplier Lambda, which offers companies for mannequin coaching, raised a $480 million Series D at a…
