Here is an excerpt from a Seeking Alpha article dated July 22. Coreweave is part of NVIDIA's massive Inception Program to encourange start ups, not fishy at all.
The First Hidden Gem: NVIDIA Inception AI Start-up Program
In the fast-paced world of technology, some investment strategies remain hidden gems, and NVIDIA's Inception Program and Venture Capital Alliance Program are shining examples. Spearheaded by visionary CEO Jensen Huang, these initiatives showcase NVIDIA's commitment to fostering innovation, providing scale to their business, and positioning themselves as leaders in the AI, data science, and high-performance computing (HPC) realms.
The NVIDIA Inception Program is a virtual accelerator project designed to support startups at the forefront of technological advancement. With over 15,000 startups under its wing, this program offers a treasure trove of opportunities for both entrepreneurs and investors alike. However, the power and potential of this investment strategy remain largely under-appreciated, making it a well-kept secret in the investment landscape.
Under the stewardship of Jensen Huang, the Inception Program has flourished into a thriving ecosystem. Startups participating in the program gain access to exclusive benefits, including networking opportunities, in-house training, and technical support from NVIDIA's team of experts. The program also opens doors to a wealth of industry expertise, collaborative programs, and co-marketing support, allowing these startups to flourish and push the boundaries of AI, data science, and HPC. Now let's review some of these AI startups that have participated in this program that have also led into additional investments by NVIDIA in these early startups.
Investing in Lambda Labs and CoreWeave represents a shrewd move by NVIDIA to generate significant revenue. The approved membership of Lambda Labs and CoreWeave in the Inception Program is testament to the credibility and promise these startups hold. NVIDIA invested in CoreWeave over $100M this past April, then the company raised another $221M in VC funding and Microsoft (MSFT) committed investments that could be worth a billion to them recently this past June. As these companies leverage NVIDIA's hardware, software, and expertise, they stand to achieve exponential growth, and investors who recognize this hidden potential have the opportunity to reap significant rewards.
Lambda Labs, renowned for its AI hardware offerings, and CoreWeave, a leader in high-performance computing, are prime examples of startups destined for greatness. With access to NVIDIA's cutting-edge technologies, they are poised to deliver unparalleled solutions to clients while simultaneously solidifying NVIDIA's position as a powerhouse in the technology space.
But Lambda Labs and CoreWeave are just the tip of the iceberg. NVIDIA's Inception Program also boasts an impressive roster of other startups, each pioneering groundbreaking technologies across diverse industries. For instance, DeepMed.io, a UK-based medtech start-up, utilizes AI to enhance the accuracy and speed of medical diagnoses through histopathology. Its success story reflects NVIDIA's pivotal role in supporting innovation that positively impacts patient outcomes.