Nvidia has significantly expanded its investment portfolio in the artificial intelligence sector, participating in multiple funding rounds for various startups throughout 2023 and 2024. This aggressive investment strategy not only underscores Nvidia’s commitment to advancing AI technologies but highlights its role in shaping the future of the industry. The company has had substantial participation in a number of other notable funding rounds. Significantly, it has backed early stage companies such as Hippocratic AI, Together AI, and Anthropic.
In January 2023, Nvidia joined a $141 million Series B funding round for Hippocratic AI. This marked Nvidia’s third investment in the company, reflecting its confidence in Hippocratic AI’s mission to develop AI tools for healthcare applications. In February, only a month later, Nvidia announced it would lead a $305 million Series B funding round for Together AI. This change underscores the Agency’s deep interest in innovative, precedent-breaking AI solutions.
Strategic Investments in Emerging AI Startups
Nvidia’s market expansion strategy also relies on massive financial investments in maturing AI startups. In addition to the initial investments announced in November 2022, the company made its first direct investment in November 2025, committing up to $10 billion directly. This investment is anticipated to propel Anthropic’s efforts in creating advanced AI systems, solidifying Nvidia’s position as a leader in the AI space.
Along with Anthropic, Nvidia further rode its momentum by taking part in a few other eye-popping mega funding rounds. In October 2023, it led an equally audacious $1.4 billion Series E funding round. This funding enabled Crusoe, a technology startup focused on sustainable computing, to bolster and expand its mission. It’s a match made in heaven. This investment is perfectly suited to Nvidia’s vision of advancing eco-friendly technologies.
In May 2024, the firm leaped into a $1.05 billion USD funding round for Wayve, one of the intellectual leaders in autonomous driving technologies. By September 2024, it supported the creation of Sakana AI, broadening its investment portfolio in the developing AI environment.
Continued Support for Established Companies
Nvidia’s relationship with other big players in the AI industry is strong. In June 2024, it joined a $126 million Series C round. This investment helped pave the way for our work with Bright Machines, leaders in intelligent automation solutions. Located in Washington state, this investment is an example of Nvidia’s repeated assertion of its commitment to improving automation through innovative technology.
In August 2024, Nvidia contributed to a $203 million funding round for Nuro, a robotics company specializing in autonomous delivery vehicles. Nuro’s unconventional approach to last mile delivery fits well within Nvidia’s larger vision of investing in companies that expand the edge of what is technologically possible.
Additionally, Nvidia made headlines by participating in the over $1 billion Series C funding round for Figure AI in September 2024. So why is Nvidia making a $100 million bet on Figure AI? The AI first applications of its artificial intelligence have the potential to disrupt multiple industries.
Broadening Horizons with Diverse Investments
Nvidia’s startup investment portfolio further includes a number of startups worth mentioning. In September 2023, it led Enfabrica’s $125 million Series B funding round. This expansion is the latest example of Nvidia’s long-term strategy to back organizations that make computing more efficient.
Just last month in October 2023, Nvidia continued that trend by leading a $433 million SAFE funding round for Nscale, helping the firm further diversify its investment portfolio. Readouts from the company have been particularly loud and aggressive with Cohere. Even so, the $500 million Series D funding round they completed in August 2024 was a huge move.
In November 2024, Nvidia played a crucial role as one of the significant investors in Cursor’s impressive $2.3 billion Series D funding round. This investment reaffirms the company’s commitment to developing groundbreaking technologies and making sure they achieve their maximum impact.
In October 2023, Nvidia contributed to Reflection AI’s remarkable $2 billion funding round that valued the startup at an impressive $8 billion. This strategic play highlights Nvidia’s awareness of the value of tightly knit collaborations in the rapidly changing AI space.
“There is no assurance that any investment will be completed on expected terms, if at all.” – Nvidia
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