Nvidia reportedly acquires enterprise model developer Kumo AI for at least $400 million.

Golden Ten Data, June 4 | According to The Information, sources revealed that NVIDIA has acquired the US-based enterprise custom AI model company Kumo for at least $400 million. Founded in 2022, Kumo is a startup selling predictive AI software to enterprises. Its foundational model, KumoRFM, is designed for business data within data warehouses and excels at answering predictive questions. Yesterday, Nima Badieyf, Head of NVIDIA's Enterprise AI Strategic Product Partnerships, first disclosed the acquisition in a LinkedIn post welcoming Kumo to the NVIDIA team. However, he has since deleted the post. According to LinkedIn information, Kumo's three co-founders—CEO Vanja Josifovski, Chief Scientist Jure Leskovec, and Head of Engineering Hema Raghavan—joined NVIDIA in May this year.