{"id":658,"date":"2026-06-04T06:14:00","date_gmt":"2026-06-04T06:14:00","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=658"},"modified":"2026-06-04T06:14:00","modified_gmt":"2026-06-04T06:14:00","slug":"exclusive-nvidia-snaps-up-kumo-ai-in-latest-acquisition","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=658","title":{"rendered":"Exclusive: Nvidia snaps up Kumo AI in latest acquisition"},"content":{"rendered":"
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Kumo\u2019s three co-founders, Vanja Josifovski, Hema Raghavan, and Jure Leskovec, transitioned to Nvidia last month, the sources said. While the founders\u2019 LinkedIn profiles have been updated, and now describe them as Nvidia employees, the Kumo website makes no mention of the change. <\/p>\n

Read more Nscale has raised billions to power Europe\u2019s AI ambitions. Now the startup must prove the hype can survive reality<\/a><\/p>\n

The financial terms of the deal could not be learned. Nvidia, which has acquired numerous AI startups in recent years, declined to comment.<\/p>\n

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The Mountain View, Calif-based startup had received $37 million in venture capital funding\u00a0in two 2022 rounds from investors including Sequoia Capital. Its models have been used so far by companies including food delivery app DoorDash, Reddit, and U.K. grocery chain Sainsbury\u2019s.<\/p>\n

As Fortune<\/em>\u2018s Jeremy Kahn reported last year, Kumo\u2019s RFM model could do far more than traditional, time-consuming predictive analytics. The model could instantly tackle predictions around everything from customer churn to credit default risk without any additional training. <\/p>\n

Read more By every measure, U.S. companies are winning on AI adoption\u2014but a series of high-profile snafus shows they\u2019re getting pummeled by costs<\/a><\/p>\n

\u201cWith the foundation model, you point it to your data, you define what you mean by churn, and a second later, you get the prediction,\u201d Jure Leskovec, the Stanford University computer scientist who cofounded Kumo in 2022 and served as its chief scientist, told Kahn at the time.<\/p>\n

Nvidia has been on an M&A spree of over 100 startups over the past couple of years, as it looks to fill in its full-stack AI ecosystem. Notably, Nvidia acquired key technology assets and plucked key personnel from AI inference company Groq in a $20 billion \u201cacqui-hire\u201d agreement in December 2025. It also acquired data semantics company Illumex in February 2026, and spent $700 million to acquire orchestration software company Run.ai in April 2024. <\/p>\n

Read more Tariff man rides again as Trump slaps 10% duties on key trading partners \u2014\u00a0except the ones who get 12.5%<\/a><\/p>\n

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The startup develops foundation models designed to help companies make more accurate business predictions, according to sources familiar with the deal.<\/p>\n","protected":false},"author":1,"featured_media":657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nvidia"],"yoast_head":"\nExclusive: Nvidia snaps up Kumo AI in latest acquisition - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=658\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Nvidia snaps up Kumo AI in latest acquisition - 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