Nvidia (NASDAQ:NVDA) is preparing to write a check for up to $1 billion to Poolside, an AI startup that has managed to quadruple its valuation in just 12 months, according to Bloomberg.
The deal puts Poolside at a $12 billion valuation, up from $3 billion in 2024. Poolside is raising a total of $2 billion, with commitments already exceeding $1 billion, including approximately $700 million from existing investors, people familiar with the matter told Bloomberg
