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Semiconductor giant Nvidia is planning to make a significant move in artificial intelligence by investing nearly $1 billion in Poolside, a software company that develops AI coding models. This investment will be part of Poolside's overall $2 billion new funding round and will raise the company's valuation to $12 billion.
This is not Nvidia's first investment in Poolside. The company previously supported Poolside during the $500 million Series B funding round conducted in October 2024, making a significant contribution.
Additionally, Nvidia continues to invest in artificial intelligence startups, further expanding its portfolio. In October, it announced that it was considering a $500 million investment in UK-based autonomous driving company Wayve. Moreover, last month, it purchased $5 billion worth of shares from Intel to open doors for future chip collaborations.
Based in the US and Europe, Poolside was founded by software engineers and CEOs Jason Warner and Eiso Kant. Warner is the former CTO of GitHub and has held engineering management positions at notable firms such as Canonical and Heroku. Kant is a co-founder of ventures like Athenian, specializing in engineering analytics. Warner developed the AI-powered Copilot tool and, after meeting Kant in 2017, designed an AI-assisted toolkit for developers over six years. This toolkit was named Poolside.
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