Overview
- Bloomberg reports Nvidia is preparing at least $500 million for Poolside, with the commitment potentially rising to $1 billion if the rest of the financing closes.
- The financing is described as a $2 billion round that would value Poolside at about $12 billion.
- Poolside develops AI models aimed at software development, positioning it within the AI tooling layer rather than core infrastructure.
- Nvidia previously backed Poolside’s $500 million Series B in October 2024, reflecting an ongoing relationship.
- The report is based on unnamed sources and has not been confirmed by the companies, with TechCrunch noting it sought comment.