Nvidia Acquires AI Startup Kumo AI for $400 Million
On June 3, 2026, Nvidia acquired Kumo AI, a Mountain View-based startup specializing in predictive foundation models for business, for $400 million. Kumo’s RFM model enables instant predictions on customer churn and credit risk without additional training. The three co-founders have joined Nvidia. This acquisition is part of Nvidia’s broader strategy to build a full-stack AI ecosystem, following recent deals including a $20 billion acqui-hire of Groq.
Cross-source coverage
Wire timeline
NVIDIA Acquires AI Startup Kumo as Full-Stack Strategy Expands
On June 3, 2026, NVIDIA Corporation acquired Kumo AI, a four-year-old startup specializing in predictive business foundation models, as part of its aggressive M&A strategy to enhance its full-stack AI ecosystem. The financial terms were undisclosed. Kumo, backed by $37 million in venture capital from Sequoia Capital, provides instant data predictions for customer churn and credit risk without additional training. Its co-founders transitioned to NVIDIA last month. Separately, on June 1, 2026, NVIDIA announced the RTX Spark, a new consumer superchip for personal AI agents, set to launch in autumn and power Windows PCs from Microsoft, Dell, HP, and Asus. CEO Jensen Huang compared the development to the reinvention of the phone into the smartphone. NVIDIA, founded in 1993, is a fabless semiconductor and AI computing company.
Yahoo FinanceNVIDIA Acquires AI Startup Kumo as Full-Stack Strategy Expands
On June 3, 2026, NVIDIA Corporation acquired Kumo AI, a four-year-old startup specializing in predictive business foundation models, as part of its aggressive M&A strategy to enhance its full-stack AI ecosystem. Financial terms were undisclosed; Kumo had raised $37 million in venture capital from Sequoia Capital and others. Kumo's technology provides instant data predictions for customer churn and credit risk without additional training. Its co-founders, Vanja Josifovski, Hema Raghavan, and Jure Leskovec, transitioned to NVIDIA last month. Separately, on June 1, 2026, NVIDIA announced the RTX Spark, a new consumer 'superchip' for personal AI agents, set to launch this autumn in Windows PCs from Microsoft, Dell, HP, and Asus. CEO Jensen Huang called the development a reinvention of the computer akin to the smartphone revolution.
Yahoo FinanceNvidia Acquires Kumo AI for $400 Million to Boost Agentic AI Capabilities
Nvidia (NVDA) has acquired Kumo AI, a developer of foundational AI models for the financial sector, for $400 million. The acquisition brings Kumo's founding team—CEO Vanja Josifovski, head of engineering Hema Raghavan, and chief scientist Jure Leskovec—into Nvidia. Kumo's key asset is KumoRFM, the world's first foundation model for relational data, which enables rapid predictions like customer churn and fraud detection without manual model building. The latest version, KumoRFM-2, processes 5 GB/second with 20 million lookups/second and scales to 500 billion rows. This acquisition is part of Nvidia's strategy to expand beyond GPU dominance into inference and agentic AI, following its $20 billion purchase of Groq. The article speculates Nvidia may use Kumo's expertise to develop purpose-built GPUs or CUDA-based agentic AI for finance. NVDA stock was down 6.20% on the announcement day.
Yahoo FinanceNvidia Acquires AI Startup Kumo AI
Nvidia has acquired Kumo AI, a four-year-old startup based in Mountain View, California, that develops foundation models for business predictions. The three co-founders—Vanja Josifovski, Hema Raghavan, and Jure Leskovec—have already transitioned to Nvidia, as indicated by their LinkedIn profiles. Financial terms were not disclosed. Kumo had raised $37 million in venture funding from investors including Sequoia Capital. Its RFM model, which can instantly make predictions on customer churn or credit default risk without additional training, was used by companies such as DoorDash, Reddit, and Sainsbury's. The acquisition is part of Nvidia's broader M&A strategy, having acquired over 100 startups in recent years, including a $20 billion deal with Groq in December 2025 and the purchase of Illumex in February 2026.
Yahoo FinanceNvidia Acquires AI Startup Kumo AI in Latest Deal
Nvidia has acquired Kumo AI, a four-year-old Mountain View-based startup that develops foundation models for business predictions, according to sources familiar with the deal. The three co-founders—Vanja Josifovski, Hema Raghavan, and Jure Leskovec—have already transitioned to Nvidia. Financial terms were not disclosed. Kumo had raised $37 million in venture funding from Sequoia Capital and others in 2022. Its RFM model, which can instantly generate predictions on customer churn or credit default risk without additional training, has been used by DoorDash, Reddit, and Sainsbury's. The acquisition is part of Nvidia's broader strategy to build a full-stack AI ecosystem, following recent deals including a $20 billion acqui-hire of Groq and the purchase of Illumex and Run.ai.
Fortune | FORTUNE