Nvidia is reportedly preparing to invest as much as $1 billion in Poolside, a fast-growing artificial intelligence startup that’s quickly making waves in the tech world. The potential investment could lift Poolside’s valuation to around $12 billion—nearly four times higher than its worth just a year ago, according to people familiar with the deal.
The startup is currently working to raise $2 billion in new funding, with Nvidia expected to contribute between $500 million and $1 billion depending on how the round progresses. So far, Poolside has already secured more than half of its target through commitments from existing investors, while investment firm Magnetar is also considering joining the round.
Founded in 2023 by former GitHub executive Jason Warner and entrepreneur Eiso Kant, Poolside focuses on AI-driven code automation, particularly in sectors like government and defense. Beyond that, the company has set its sights on developing artificial general intelligence (AGI)—AI capable of performing a wide range of tasks that match or surpass human abilities.
Nvidia’s potential investment underscores its growing influence in the AI ecosystem. Now the world’s most valuable company by market capitalization, Nvidia has been aggressively expanding its portfolio of AI-related investments. As of mid-October, the chipmaker had completed 59 deals, including backing innovative ventures such as Perplexity AI and Figure AI. These moves align with its broader strategy to foster technological advancement while strengthening demand for its cutting-edge hardware.
Part of Poolside’s funding is expected to be allocated toward purchasing Nvidia’s latest GB300 chips, further tightening the partnership between the two companies. The news also comes as Poolside partners with cloud computing firm CoreWeave to build one of the largest data centers in the United States—a 2-gigawatt facility in West Texas known as Project Horizon.
While representatives from Nvidia, Poolside, and Magnetar declined to comment, industry observers view the talks as a strong vote of confidence in the next generation of AI innovation. If finalized, the deal could become a pivotal moment for both companies, propelling Poolside’s ambitions and reinforcing Nvidia’s dominance at the heart of the AI revolution.
