Premium

Nvidia Acquires Shoreline to Enhance AI Capabilities

Sources familiar with the case have revealed that Nvidia has agreed to pay around $100 million to purchase the software development firm Shoreline. Shoreline, founded in 2019 by former AWS executive Anurag Gupta, specializes in software that identifies and resolves issues in computer systems through automated processes. The  California-based company has secured over $57 million from investors, including Dawn Capital, Insight Partners, and Canvas Ventures. Both Nvidia and Shoreline representatives declined to comment on the acquisition.

Become a Subscriber

Please purchase a subscription to continue reading this article.

Subscribe Now

Nvidia, the world’s most valuable company with a $3.3 trillion market value, is central to the development of computer systems for AI software. Although it doesn't always reveal non-material acquisitions, the corporation has been purchasing startups to broaden its capabilities.  Nvidia aims to diversify its revenue and reduce reliance on major cloud computing companies like Microsoft and Amazon. The purchase of Shoreline fits in with Nvidia's plan to use pre-trained AI models, networking, and sophisticated software to broaden the adoption of technology globally.

Read more