Poolside Strikes $6B Nvidia Deal, Raises $1B at $12B Valuation
12exyz · x · 2026-08-21
Poolside AI has struck a non-exclusive licensing deal with Nvidia for $6 billion and raised $1 billion from Nvidia at a $12 billion pre-money valuation, according to an investor letter obtained by Eric Newcomer. Observers note an emerging trend where neolabs pivot to open source to secure massive funding or acquisitions from Nvidia, following similar paths taken by Reflection AI and Essential AI.
Related event: Nvidia Reportedly Signs $6B Poolside License Deal with $1B Investment(9 posts)→
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