Nvidia entered a $6 billion non-exclusive licensing agreement for Poolside’s AI technology.
The chipmaker also made a $1 billion equity investment in the startup. This transaction values Poolside at $12 billion pre-money, marking a significant increase over previous figures.
Nvidia offered positions to 109 Poolside employees as part of the arrangement. Poolside founders emphasized that the deal is not an acquisition or an acqui-hire.
The founders will remain with the startup to continue independent operations. Poolside retains over $2 billion in capital following the deal and shareholder distributions.