Nvidia to Invest Up to $1 Billion in Poolside to Amplify Its AI Ecosystem

Nvidia plans to make an initial investment of $500 million, potentially rising to $1 billion, in AI startup Poolside as part of a broader $2 billion fundraising round, which would elevate the company’s pre-money valuation to $12 billion.
Sources indicate that Poolside has already secured over $1 billion in committed funding, including roughly $700 million from existing backers, while hedge-fund manager Magnetar is in talks to participate in the round.
This new valuation represents a sharp leap from $3 billion in its last round, underscoring growing investor confidence in Poolside’s trajectory.
Poolside currently focuses on code automation, targeting government and defense sectors, yet harbors ambitions toward building artificial general intelligence (AGI) that surpasses human-level performance.
Part of the new capital is earmarked for purchasing Nvidia GB300 chips, and the announcement dovetails with a partnership with CoreWeave to build a massive data center in Texas via the “Horizon” project with a 2-gigawatt power footprint.
Founded in 2023 by Jason Warner (former GitHub executive) and Eiso Kant, Poolside’s growth aligns with Nvidia’s intensifying investment strategy in 2025, having backed 59 AI startups so far this year.