TechFlow News, June 4: According to TechStartups, NVIDIA has acquired Kumo AI, a startup specializing in enterprise predictive AI software, for over $400 million.
Kumo AI primarily delivers predictive capabilities for enterprise structured data, applicable to use cases including customer churn prediction, fraud detection, demand forecasting, lead scoring, credit risk analysis, and product recommendations.
Reports indicate that Kumo AI’s founding team includes former Airbnb and Pinterest CTO Vanja Josifovski, former LinkedIn AI head Hema Raghavan, and Stanford Professor Jure Leskovec; all three have updated their LinkedIn profiles to reflect their recent joining of NVIDIA last month. This acquisition further expands NVIDIA’s AI software portfolio.
