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Nvidia could invest $1 billion in the french startup poolside, a specialist in ai-assisted development. Poolside AI is close to closing a $2 billion funding round in which nvidia would contribute significantly, helping it refine its AI models specifically designed for software development, particularly through its computing infrastructure project with coreweave. Founded in 2023 and specializing in software development automation, poolside AI is reportedly nearing the close of a $2 billion funding round that would quadruple its valuation to $12 billion, according to bloomberg. The main investor would be nvidia, which has been pouring in funds since its own valuation skyrocketed. The GPU leader plans to invest up to $1 billion in the startup. Specifically, nvidia's investment in this round, which has not yet been confirmed, would start at $500 million, with the potential to rise to $1 billion if the startup meets its funding goals. To date, it has already secured over $1 billion in commitments, including about $700 million from existing investors. The magnetar fund is also in talks to participate. Over $600 million raised to date. Since its inception, poolside has raised approximately $626 million, distributed as follows: $26 million in seed and early stage, then $100 million with support from bpifrance, xavier niel, and rodolphe saadé (founded in san francisco, poolside...
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