Nvidia’s AI investment strategy: Inside its top startup bets
No company has leveraged the AI revolution as effectively as Nvidia. Building on its financial success, Nvidia has significantly increased its investments in startups, particularly in the AI space. In 2024, the company participated in 49 funding rounds for AI firms, up from 34 in 2023, according to PitchBook data.
Nvidia emerged as the most aggressive tech player in AI startup funding over the past two years, with 83 deals compared to Alphabet’s 73 and Microsoft’s 40 during the same period.
Key investments:
Perplexity: Nvidia has been a consistent backer of the AI search engine startup since November 2023. In December 2024, Perplexity AI closed a $500 million funding round, tripling its valuation to $9 billion, as per sources. The…
