NVIDIA has acquired Kumo AI, a Mountain View, California predictive AI startup whose foundation models forecast churn, demand and fraud directly from connected enterprise data tables, in a deal first reported by Fortune and The Information at more than $400 million. The acquisition closed quietly in late May with Kumo co-founders Vanja Josifovski, Hema Raghavan and Jure Leskovec transitioning to the chipmaker, according to LinkedIn updates the founders made before the news broke on June 3.
What Kumo's Foundation Models Do
Founded in 2022 by ex-Airbnb CTO Josifovski, former LinkedIn AI lead Raghavan and Stanford computer scientist Leskovec, Kumo built a relational graph-transformer model called RFM that points at a customer's data warehouse and returns predictions without bespoke training. Users connect Snowflake or Databricks, define a target such as "will this customer churn?" and the model answers using a SQL-like Predictive Query Language. Kumo says the approach eliminates roughly 95% of the manual feature engineering required by traditional predictive analytics. Early customers include Reddit, DoorDash and UK grocer J Sainsbury.
Why NVIDIA Wanted It
The deal extends a NVIDIA acquisition streak that already includes orchestration software vendor Run:ai, data semantics startup Illumex and a $20 billion acqui-hire of inference chip company Groq. Predictive AI grounded in structured business data is one of the few enterprise workloads where large language models still underperform. Kumo's graph neural networks treat each row as a node in an interconnected network, which the company argues delivers more accurate, context-aware insights than row-by-row models. Adding that capability lets NVIDIA pair its Blackwell and Vera GPUs with first-party foundation models tuned for warehouse data, complementing its CUDA, NIM and Run:ai software stacks.
The Funding And M&A Backdrop
Kumo had raised about $37 million across two 2022 rounds led by Sequoia Capital. The acquisition follows a wave of consolidation across the predictive analytics and agentic AI stack, including KPMG's global Microsoft Agent 365 rollout, Anthropic's Claude Finance agent templates and NVIDIA's Vera CPU launch with Anthropic, OpenAI and ByteDance. NVIDIA has now bought more than 100 startups across the past two years as CEO Jensen Huang stitches together a vertically integrated stack from silicon to enterprise agents.
What Happens To The Product
Kumo's website still makes no mention of the deal and customers continue to access the platform. People familiar with the discussions told Fortune the founders will lead an enterprise predictions effort inside NVIDIA, likely surfacing Kumo's models through NIM microservices and the company's AI Enterprise software platform rather than continuing as a standalone product long term.
Reporting based on coverage from Fortune, SiliconANGLE, The Information and PYMNTS.