Nvidia acquires Kumo AI, a startup that develops foundation models for business predictions

Nvidia has acquired Kumo AI, a four-year-old startup whose three co-founders—Vanja Josifovski, Hema Raghavan, and Jure Leskovec—transitioned to Nvidia last month. The financial terms were not disclosed.

Kumo's foundation models perform predictive analytics (tasks like forecasting customer churn or credit default risk) without requiring additional training. According to co-founder Jure Leskovec, users point the model to their data, define the prediction goal, and receive results in seconds.

Kumo had raised $37 million in venture capital funding in two 2022 rounds from investors including Sequoia Capital, and its models were used by DoorDash, Reddit, and Sainsbury's. The acquisition is part of Nvidia's stated effort to build a full-stack AI ecosystem, following acquisitions including a $20 billion 'acqui-hire' from Groq in December 2025, Illumex in February 2026, and Run.ai for $700 million in April 2024.