Exclusive: Nvidia snaps up Kumo AI in latest acquisition

Nvidia has acquired Kumo AI, a small, four-year-old startup that develops foundation models designed to make accurate business predictions, according to two sources familiar with the deal. Kumo’s three co-founders, Vanja Josifovski, Hema Raghavan, and Jure Leskovec, transitioned to Nvidia last month, the sources said. While the founders’ Linked In profiles have been updated, and now describe them as Nvidia employees, the Kumo website makes no mention of the change. The financial terms of the deal could not be learned. Nvidia, which has acquired numerous AI startups in recent years, declined to comment. The Mountain View, Calif-based startup had received $37 million in venture capital funding in 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’s. As Fortune‘s Jeremy Kahn reported last year, Kumo’s 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. “With the foundation model, you point it to your data, you define what you mean by churn, and a second later, you get the prediction,” Jure Leskovec, the Stanford University computer scientist who cofounded Kumo in 2022 and served as its chief scientist, told Kahn at the time. 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 “acqui-hire” 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. This story was originally featured on Fortune.com