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NVIDIA has acquired Kumo AI, a Mountain View, California-based startup that develops artificial intelligence models for business prediction, according to reporting by Fortune . Financial terms were not disclosed, though The Information reported the deal was valued at more than $400 million.
Kumo's three co-founders, Vanja Josifovski, Chief Executive Officer, Hema Raghavan, Head of Engineering, and Jure Leskovec, Chief Scientist, have joined NVIDIA. Their LinkedIn profiles now list NVIDIA as their employer. Neither company has publicly announced the acquisition, and NVIDIA declined to comment to Fortune.
Founded in 2022, Kumo raised approximately $37 million from investors including Sequoia Capital. The company built foundation models designed to generate business predictions directly from enterprise data.
Customers cited in public reporting include DoorDash, Reddit, Sainsbury's, and Black Entertainment Television (BET). Kumo Focused on Enterprise Prediction Kumo positioned itself as an alternative to traditional predictive analytics systems that often require extensive data engineering and model development.
According to the company, customers can connect the platform directly to enterprise data warehouses and generate predictions related to customer churn, demand forecasting, fraud detection, and credit risk.
The company's technology is built around Graph Neural Networks (GNNs), a machine learning approach that models relationships between entities such as customers, products, transactions, and services.
Kumo argues that understanding these connections can improve predictive accuracy compared with models that analyze records independently.
In an earlier interview with Fortune, Leskovec described the company's approach as allowing organizations to point the model at their data, define an outcome, and receive a prediction without additional model training.
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