Sources: Poolside struck a non-exclusive $6B licensing deal with Nvidia, plus a $1B investment at a $12B pre-money valuation; 109 staffers get Nvidia job offers (Newcomer)
Nvidia is paying for Poolside’s models and talent without taking over the company.
Poolside told investors it signed a non-exclusive $6 billion licensing deal with Nvidia, alongside a $1 billion Nvidia investment at a $12 billion pre-money valuation. The note says 109 Poolside employees are receiving job offers from Nvidia. Poolside’s founders are staying with the company and described the transaction as neither an acquisition nor an acquihire. Techmeme's note
Poolside told investors it signed a non-exclusive $6 billion licensing deal with Nvidia, alongside a $1 billion Nvidia investment at a $12 billion pre-money valuation. The note says 109 Poolside employees are receiving job offers from Nvidia. Poolside’s founders are staying with the company and described the transaction as neither an acquisition nor an acquihire. Techmeme's note
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