Continue to expand the AI landscape! It is rumored that NVIDIA Corporation (NVDA.US) is planning to acquire the software startup company OctoAI.
18/09/2024
GMT Eight
According to reports, NVIDIA Corporation (NVDA.US) is discussing the acquisition of software startup OctoAI.
According to a document cited from OctoAI sent to shareholders, NVIDIA Corporation has made an offer of about $165 million to acquire this startup based in Seattle. It is understood that the company sells software for customers to use and enables their artificial intelligence models to run more efficiently. OctoAI's shareholders include Tiger Global Management, Madrona Venture Group, and Amplify Partners.
NVIDIA Corporation did not immediately respond to a request for comment.
Recently, NVIDIA Corporation has been active in the mergers and acquisitions field and has already completed four deals this year. In April, NVIDIA Corporation acquired Israeli data center management software company Run:Ai for $700 million; in May, they acquired Israeli end-to-end deep learning platform developer Deci for $300 million. In June, NVIDIA Corporation acquired data center fault automation technology company Shoreline, with the reported value of the deal around $100 million; in July, the company acquired AI development tools startup Brev.dev, and the financial terms of the deal were not disclosed.