Nvidia Acquires Kumo AI for Over $400 Million

Nvidia has acquired the enterprise artificial intelligence startup Kumo AI in a deal valued at over $400 million, according to reports. The transaction, first indicated by a post from an Nvidia executive on LinkedIn, brings the predictive AI specialist and its founding team into the chipmaker’s expanding portfolio.

Kumo AI, founded in 2022 and based in Mountain View, California, develops foundation models that generate business predictions from structured corporate data, such as customer records and transaction histories. The startup’s technology, which combines synthetic data techniques with graph-based machine learning, is designed to answer specific operational questions—like forecasting customer churn or assessing credit risk—without requiring extensive new training for each application.

The company’s three co-founders—Vanja Josifovski, Hema Raghavan, and Jure Leskovec—have already transitioned to roles at Nvidia, as reflected on their LinkedIn profiles. Kumo AI had previously raised $37 million in venture capital from investors including Sequoia Capital. Its clients and partners have included DoorDash, Reddit, Databricks, Snowflake, and the U.K. grocery chain Sainsbury’s.