No one has ridden the artificial intelligence wave as massively as Nvidia. The company has significantly increased its revenue, profitability and cash reserves since ChatGPT’s emergence more than three years ago, and its market capitalization has approached $4.6 trillion. The leader in high-performance GPUs has used this momentum to significantly increase its investments in startups, focusing on projects in the field of artificial intelligence.
In 2025, Nvidia participated in almost 67 financing rounds, exceeding the 54 transactions recorded for all of 2024. At the same time, it is worth noting that these investments do not include the activities of the venture capital fund NVentures, which has also accelerated: according to PitchBook, NVentures made 30 transactions in 2025 compared to just one in 2022.
The main goal of Nvidia’s investments is to expand the artificial intelligence ecosystem by supporting startups that the company sees as game-changers and market shapers.
Below are the most notable startups with funding rounds over $100 million that Nvidia has participated in, ranked by funding size since 2023.
Key startups with funding rounds above $100 million
- Anthropic – in November 2025, Nvidia made its first direct investment in Anthropic, joining a strategic funding round of up to $10 billion, of which Microsoft contributed $5 billion.
- Slider – in November, Nvidia became a strategic investor in AI coding assistant in Series D round worth $2.3 billion; Cursor’s valuation stands at $29.3 billion; Nvidia became a shareholder alongside Google.
- xAI – in 2024, Nvidia participated in a $6 billion round for xAI and also plans to invest up to $2 billion in a future $20 billion round to strengthen Nvidia’s hardware to meet the needs of xAI.
- Mistral AI – in September 2024, Nvidia invested in the third round of Mistral AI to the tune of €1.7 billion (post-money approximately €11.7 billion).
- Reflection AI – in October, Nvidia was a lead investor in a $2 billion round; the company is valued at approximately $8 billion.
- Thinking Machines Lab – Nvidia was among the investors in a $2 billion funding round; the company is valued at approximately $12 billion.
- Inflection – Nvidia was one of the first major investors in Inflection in 2023 (a $1.3 billion funding round); Later, Microsoft brought in the founders, shaping the company’s further development.
- Crusoe – as part of the $1.4 billion Series E round, Nvidia backed this data center infrastructure project; previously, the company received support in a Series D round in 2024.
Among other deals worth more than $100 million, Nvidia has backed Commonwealth Fusion, Cohere, Perplexity, Poolside, Lambda, Black Forest Labs, CoreWeave and others. Nvidia has also invested in Together AI, Firmus Technologies, Uniphore, Sakana AI, Nuro, Imbue, Waabi and many other companies across different regions and industries, demonstrating Nvidia’s broad and influential footprint on the global AI ecosystem.
Overall, Nvidia continues to expand its influence in the venture capital sector: its investment strategy focuses on startups capable of scaling the company’s computing power and infrastructure – from data centers to autonomous systems and generative AI. In this way, Nvidia acts not only as a hardware supplier but also as a catalyst for the development of the global artificial intelligence ecosystem.