Nvidia is reportedly investing up to $1 billion in Poolside

Semiconductor giant Nvidia is reportedly looking to make a major investment in AI software development platform Poolside.

Nvidia is looking to invest at least $500 million, and as much as $1 billion, in Poolside, which builds AI models for software development, according to Reports from Bloombergwhich was reported by sources. This investment will be part of a $2 billion funding round that Poolside is raising at a $12 billion valuation, according to Bloomberg.

Bloomberg reports that Nvidia’s investment could rise to $1 billion if the company successfully completes the rest of its financing round.

This won’t be Nvidia’s first investment in Poolside. Nvidia previously supported Poolside in its project $500 million Series B round In October 2024.

Nvidia, already a prolific investor in AI startups, has expanded its portfolio to include diverse sectors. For example, Nvidia said it is exploring a $500 million investment in UK-based self-driving company Wayve In October. Last month, the company took… A $5 billion stake in Intel With plans for future cooperation in the chip field.

TechCrunch has reached out to Poolside for more information.