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No firm has capitalized on the AI revolution extra dramatically than Nvidia. Its income, profitability, and money reserves have skyrocketed because the introduction of ChatGPT over three years in the past — and the various aggressive generative AI providers which have launched since. Its inventory value has soared, making it a $4.6 trillion market cap firm.
The world’s main high-performance GPU maker has used its ballooning fortunes to considerably improve investments in startups, significantly in AI.
Nvidia has participated in practically 67 enterprise capital offers in 2025, surpassing the 54 offers the corporate accomplished in all of 2024, in accordance with PitchBook information. Note that these investments exclude these made by its formal company VC fund, NVentures, which additionally considerably elevated its funding tempo over that interval. (PitchBook says NVentures engaged in 30 offers this 12 months, in comparison with only one in 2022.)
Nvidia has acknowledged that the purpose of its company investing is to develop the AI ecosystem by backing startups it considers to be “game changers and market makers.”
Below is a listing of startups that raised rounds exceeding $100 million since 2023 the place Nvidia is a named participant, organized from the very best to lowest quantity raised within the spherical.
This listing exhibits simply how far and large Nvidia has unfold its tentacles within the tech trade, past supplying its merchandise.
The billion-dollar-round membership
OpenAI: Nvidia backed the ChatGPT maker for the primary time in October 2024, reportedly writing a $100 million verify as a part of a colossal $6.6 billion spherical that valued the corporate at $157 billion. The chipmaker’s funding was dwarfed by OpenAI’s different backers, notably Thrive, which invested $1.3 billion in accordance with The New York Times. While PitchBook information signifies Nvidia didn’t take part in OpenAI’s $40 billion funding spherical that closed in March, the corporate introduced in September that it might make investments as much as $100 billion in OpenAI over time, structured as a strategic partnership to deploy huge AI infrastructure. Nvidia later revealed in its quarterly filings that it may not observe by means of, stating, “There is no assurance that any investment will be completed on expected terms, if at all.”
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Anthropic: In November 2025, Nvidia made its first direct funding within the AI lab, committing as much as $10 billion as a part of a strategic spherical that included a $5 billion verify from Microsoft. In a “circular” spending settlement, Anthropic dedicated to spending $30 billion on Microsoft Azure compute capability, in addition to purchase Nvidia’s future Grace Blackwell and Vera Rubin programs.
Cursor: In November, Nvidia made its first strategic funding within the AI-powered code assistant taking part in an enormous $2.3 billion Series D spherical co-led by Accel and Coatue. The deal valued Cursor at $29.3 billion, an almost 15-fold improve because the begin of the 12 months. While Nvidia has lengthy been an enterprise buyer, the spherical marked its official entry as a shareholder alongside Google.
xAI: In 2024, OpenAI tried to steer its traders to not put money into any of its rivals. But Nvidia participated within the $6 billion spherical of Elon Musk’s xAI final December anyway. Nvidia may even make investments as much as $2 billion within the fairness portion of xAI’s deliberate $20 billion funding spherical, Bloomberg reported, a deal structured to assist xAI buy extra Nvidia gear.
Mistral AI: Nvidia invested in Mistral for the third time when the French-based massive language mannequin (LLM) developer raised a €1.7 billion (about $2 billion) Series C at a €11.7billion ($13.5 billion) post-money valuation in September.
Reflection AI: In October, Nvidia was probably the most vital traders in Reflection AI, contributing to a $2 billion funding spherical that valued the one-year-old startup at $8 billion. Reflection AI is positioning itself as a U.S.-based competitor to Chinese DeepSeek, whose open supply LLM provides a less-expensive various to closed supply fashions from firms comparable to OpenAI and Anthropic.
Thinking Machines Lab: Nvidia was amongst a protracted listing of traders who backed former OpenAI chief expertise officer Mira Murati’s Thinking Machines Lab’s $2 billion seed spherical. Th