Last week, Nvidia acquired synthetic data startup Gretel. Now, it has been revealed that the company is in talks to acquire another startup, Lepton AI.
Last week, Nvidia acquired synthetic data startup Gretel. Now, it has been revealed that the company is in talks to acquire another startup, Lepton AI.
The semiconductor giant is nearing a deal to acquire Lepton AI, a startup that rents out servers powered by Nvidia AI chips, The Information reported , citing unnamed sources.
According to the publication, the deal is worth several hundred million dollars.
The move is part of Nvidia's push into the cloud and enterprise software market in competition with major cloud providers like Amazon and Google.
Lepton AI was founded two years ago and in May 2023 raised $11 million from CRV and Fusion Fund, TechCrunch writes .
The startup competes with another major player in the server rental market, Together AI, which was founded a year earlier and has already attracted over $500 million in venture capital.
