Startup stakes ledger
Big Tech startup investments tracker: Nvidia, Google, Amazon, and Microsoft stakes
100 investments by 20 public companies in 37 private startups, with each company's own filing totals.
Updated · ledger as of Nov 13, 2026
Nvidia carried $47.9 billion of stakes in private companies on July 26, 2026, up from $22.3 billion six months earlier, and had promised $25 billion more that Nvidia hadn't yet paid in. The New York Times reported, citing securities filings, that the portfolio covers 229 private companies. Nvidia isn't the biggest holder. Alphabet's 10-Q carries $128.2 billion of private shares, mostly in one company Alphabet doesn't name, and Amazon's Anthropic notes and preferred stock are on Amazon's books at $238.7 billion. This page lists the deals behind those figures: who put money into which startup, how much (when the amount was disclosed), and the source for each.
What the investors themselves report
Each figure below is the company's own number, in the filing's own words, from the latest quarterly or annual report. The figures aren't added together. Companies value private shares in different ways, and most of these figures move when a startup raises money at a higher price, not when the investor puts in more cash.
| Company | What it reports | Amount | As of | Source |
|---|---|---|---|---|
| Nvidia | Non-marketable equity securities (balance at end of period)DetailsPrimarily in privately held companies, carried at cost less impairment and adjusted for observable price changes. Excludes equity-method investments (listed separately) and publicly held equity securities. Includes $9.1 billion of cumulative gross unrealized gains and is net of $250 million of cumulative gross unrealized losses and impairments. | $47.9Bfrom $22.25B at Jan 25, 2026 | Jul 26, 2026 | Source |
| Nvidia | Equity investment commitmentsDetailsUnfunded commitments to make equity investments in AI model makers, infrastructure financiers, and other private companies, subject to contingencies; $18 billion is due in the rest of fiscal 2027. Not on the balance sheet. Prior figures: $27 billion at April 26, 2026 (labeled "Investment commitments") and $11.4 billion at Jan. 25, 2026. | $25Bfrom $27B at Apr 26, 2026 | Jul 26, 2026 | Source |
| Alphabet | Carrying value of non-marketable equity securities accounted for under the measurement alternativeDetailsPrivate-company equity at cost plus cumulative adjustments: initial cost $48,595 million, upward adjustments $88,784 million, and downward adjustments $9,210 million. Alphabet says the line "primarily consist[s] of our investment in one private company." Alphabet's 10-Q never names the company; Anthropic's S-1/A is consistent with it being Anthropic. Excludes equity-method investments. | $128.17Bfrom $64.09B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Amazon | Estimated fair value of convertible notes (Anthropic)DetailsAnthropic convertible notes, classified as available-for-sale (Level 3). The unrealized gain in accumulated other comprehensive income was $140.3 billion ($39.5 billion at Dec. 31, 2025). Without Amazon's 12% ownership cap, the notes would convert into about 184 million preferred shares. Anthropic's S-1/A gives $6,203 million of principal outstanding at Sept. 30, 2026. | $146.2Bfrom $45.8B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Amazon | Amounts recorded on consolidated balance sheets for nonvoting preferred stock (Anthropic)Details164 million shares of Anthropic nonvoting preferred stock (each converts into 10 nonvoting common shares), carried at cost adjusted for observable price changes. Excludes the convertible notes, listed above. | $92.5Bfrom $14.8B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Amazon | Investment in Series C Preferred Stock recorded on consolidated balance sheet (OpenAI)DetailsOpenAI Series C preferred: $15.0 billion in Q1 2026, $13.7 billion in Q2, and $21.3 billion in Q3. Part of Amazon's $143.7 billion of equity investments in private companies. Amazon had no OpenAI equity at Dec. 31, 2025 (the investment began in Q1 2026), so there's no prior value. | $50B | Sep 30, 2026 | Source |
| SoftBank Group | OpenAI investment: fair valueDetailsSVF2's OpenAI holding. Cumulative investment at Sept. 30, 2026, was $54.6 billion, before the Oct. 1 tranche of $10 billion; the cumulative investment gain was $45.0 billion. At March 31, 2026: cost $34.6 billion, fair value $79.6 billion. Yen carrying amount: ¥15,671.5 billion at Sept. 30, 2026, vs. ¥12,725.5 billion at March 31, 2026. | $99.6Bfrom $79.6B at Mar 31, 2026 | Sep 30, 2026 | Source |
| SoftBank Group | Unrealized FV: Private (Combined Funds)DetailsUnrealized value of SVF1, SVF2, and LatAm Funds holdings in 370 current private investments (373 at June 30); 89% of total unrealized fair value (87% at June 30). Includes OpenAI. SVF1: $30.7 billion; SVF2 and LatAm: $133.0 billion. | $163.7Bfrom $150B at Jun 30, 2026 | Sep 30, 2026 | Source |
| Meta | Total carrying value of non-marketable equity investmentsDetailsInvestments in privately held companies: measurement alternative ($21,077 million) plus equity method ($11,547 million). The equity-method part includes the Louisiana and Texas data center ventures (20% each; $4,732 million carrying value). | $32.62Bfrom $27.52B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Microsoft | Equity investments, Other (recorded basis)DetailsEquity investments not in the fair value hierarchy: measurement-alternative, equity-method, and NAV-measured investments. Excludes $4,263 million of Level 1 equity investments at Sept. 30. | $24.91Bfrom $24.57B at Jun 30, 2026 | Sep 30, 2026 | Source |
| Salesforce | Strategic investmentsDetailsPublicly held equity, privately held equity, and other investments without a controlling interest. At July 31, 2026: $0 at fair value, $11,169 million under the measurement alternative, and $155 million other. Portfolio of "over 450 companies." | $11.32Bfrom $7.59B at Jan 31, 2026 | Jul 31, 2026 | Source |
| Intel | Non-marketable equity investmentsDetailsIncludes Intel's retained 49% stake in Altera, a non-marketable equity investment carried at $3.1 billion at Sept. 26, 2026 ($3.2 billion at Dec. 27, 2025), and equity-method investees. Excludes $311 million of marketable equity investments. | $8.49Bfrom $8.03B at Dec 27, 2025 | Sep 26, 2026 | Source |
| Cisco | Non-marketable equity securities (total carrying amount)Details"Investments in privately held entities, venture funds, and publicly traded entities that do not have RDFV" (readily determinable fair value). Includes measurement-alternative ($1,362 million), restricted equity securities ($731 million), consolidated investments ($857 million), and NAV, equity-method, and other ($1,080 million). The newest full figure is from the FY2026 10-K; Cisco's fiscal Q1 2027 10-Q isn't filed yet. | $4.03Bfrom $1.92B at Jul 26, 2025 | Jul 25, 2026 | Source |
28 more company-level figures
| Company | What it reports | Amount | As of | Source |
|---|---|---|---|---|
| Nvidia | Net additions (adjustments related to non-marketable equity securities), six monthsDetailsSix months ended July 26, 2026 (first half of fiscal 2027), vs. six months ended July 27, 2025. Q2 alone: $13,106 million; Q1 (ended April 26, 2026): $17,899 million. Before $7,504 million of unrealized gains, $12,712 million of reclassifications out (mostly to marketable securities once the companies began trading publicly), and $150 million of impairments and unrealized losses. | $31Bfrom $948M at Jul 27, 2025 | Jul 26, 2026 | Source |
| Nvidia | Non-marketable securities (balance sheet line)DetailsBalance sheet line. At July 26, 2026, the line equals non-marketable equity securities ($47,898 million) plus equity-method investments (stated as $3.3 billion). At Jan. 25, 2026, the line equals non-marketable equity securities alone; the 10-K said equity-method investments weren't material. This split is our reading of the two notes; Nvidia doesn't reconcile them. | $51.16Bfrom $22.25B at Jan 25, 2026 | Jul 26, 2026 | Source |
| Nvidia | Marketable equity securities (balance sheet line)DetailsCurrent-asset line for publicly held equity securities at fair value. Excludes $4,957 million of publicly held equity securities locked up through December 2027 and carried in other assets (prior: $4,840 million). Includes $10,806 million of Level 2 unregistered warrants and convertible preferred stock in public companies. | $42.78Bfrom $12.89B at Jan 25, 2026 | Jul 26, 2026 | Source |
| Nvidia | Publicly-held equity securities, Level 1 (estimated fair value)DetailsListed stock at quoted prices: $31,977 million reported as marketable equity securities and $4,957 million in other assets (locked up through December 2027). Excludes the Level 2 line, listed separately. A footnote says $36.9 billion was subject to short-term lock-up restrictions (prior: $10.5 billion). The prior $17,726 million at Jan. 25, 2026, was $12,886 million marketable plus $4,840 million in other assets. | $36.93Bfrom $17.73B at Jan 25, 2026 | Jul 26, 2026 | Source |
| Nvidia | Publicly-held equity securities, Level 2 (estimated fair value)DetailsUnregistered warrants and preferred stock convertible to common stock in public companies, all reported as marketable equity securities. The Jan. 25, 2026, table has no Level 2 line for publicly held securities. | $10.81B | Jul 26, 2026 | Source |
| Nvidia | Investments in infrastructure financiers accounted for using the equity methodDetailsNvidia states $3.3 billion, rounded, with no figure in millions. The prior figure is the Q1 10-Q's $1.0 billion of "investments in infrastructure funds accounted for using the equity method" at April 26, 2026, under a different label. The investments deemed variable interest entities had maximum loss exposure, including carrying values and future committed amounts, of $4.7 billion. The Q1 10-Q gave $2.3 billion as maximum loss exposure for all equity-method investments, not those entities alone. The FY2026 10-K said equity-method investments weren't material at Jan. 25, 2026. | $3.3Bfrom $1B at Apr 26, 2026 | Jul 26, 2026 | Source |
| Nvidia | Equity investments (all, per MD&A)DetailsNvidia's rounded all-in figure, in billions, for the investments Nvidia has made in its ecosystem, public and private. Not itemized. The total is close to the publicly held, non-marketable, and equity-method lines added together. | $99B | Jul 26, 2026 | Source |
| Microsoft | Equity investments measured using the equity methodDetailsAll equity-method investments, including OpenAI (about 24% as-converted interest, accounted for under the hypothetical liquidation at book value method). Microsoft doesn't break out the OpenAI carrying value. | $12.4Bfrom $12B at Jun 30, 2026 | Sep 30, 2026 | Source |
| Microsoft | Equity investments without readily determinable fair values measured at cost with adjustments for observable changes in price or impairmentsDetailsMicrosoft's measurement-alternative private equity holdings; excludes equity-method investments. Was $2.9 billion at June 30, 2025, per the FY2026 10-K. | $12.4Bfrom $12.4B at Jun 30, 2026 | Sep 30, 2026 | Source |
| Microsoft | Funded portion of total funding commitments related to investment (OpenAI)Cash funded against $13.0 billion of total OpenAI funding commitments. This is the amount invested, not a carrying value. | $12Bfrom $11.9B at Jun 30, 2026 | Sep 30, 2026 | Source |
| Microsoft | Net gains (losses) from investments in OpenAI, in other income (expense), net (three months)DetailsQuarterly income-statement figure, not a balance. FY2026 (year ended June 30, 2026): $6.5 billion of net gains, mostly the dilution gain from the OpenAI recapitalization. | $272Mfrom $-4,100M at Sep 30, 2025 | Sep 30, 2026 | Source |
| Alphabet | Total non-marketable securitiesDetailsMeasurement-alternative securities ($128,169 million) plus equity-method investments and other ($7,061 million). SpaceX became a marketable security after the SpaceX IPO in 2026 and isn't included. | $135.23Bfrom $68.69B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Alphabet | Future capital funding commitments with a private company contingent upon the achievement of specified operational and financial milestones through 2030DetailsUndrawn commitment, accounted for as an equity derivative. The figure matches the $20.0 billion left under Google's 2026 agreement in Anthropic's S-1/A, but Alphabet doesn't name the company. Part of $31.9 billion of total funding and support commitments to variable interest entities ($1.1 billion at Dec. 31, 2025). | $20B | Sep 30, 2026 | Source |
| Alphabet | Purchases of non-marketable securities (nine months)Cash-flow statement, investing activities, nine months ended Sept. 30. | $24.16Bfrom $3.31B at Sep 30, 2025 | Sep 30, 2026 | Source |
| Amazon | Equity investments in private companies not accounted for under the equity-methodDetailsMostly Anthropic nonvoting preferred ($92.5 billion) and OpenAI Series C preferred ($50.0 billion). Excludes the Anthropic convertible notes and $395 million of equity-method investments. | $143.7Bfrom $16.2B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Amazon | Upward adjustments to nonvoting preferred stock (Anthropic) in Other income (expense), net (nine months)DetailsGains from observable price changes tied to Anthropic's fundings, nine months ended Sept. 30. Separately, gains reclassified from accumulated other comprehensive income on note conversions were $4.5 billion in the first nine months of 2026 and $5.6 billion a year earlier. The 2026 tax provision included $15.2 billion of net discrete tax expense, mainly from the Anthropic adjustments. | $62.8Bfrom $7.2B at Sep 30, 2025 | Sep 30, 2026 | Source |
| Amazon | Recorded value in equity, equity warrant, and convertible debt investments in public and private companiesPublic and private combined; public equity and warrants were $6.7 billion of the total. Shown for context, not as a private-only figure. | $298.8B | Sep 30, 2026 | Source |
| Meta | Non-marketable equity investments under measurement alternativeAt Dec. 31, 2025, mostly Scale AI ($13.80 billion) and Jio Platforms ($5.82 billion), per the FY2025 10-K. The Q3 2026 10-Q doesn't itemize the line. | $21.08Bfrom $20.08B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Meta | Payments for non-marketable equity investments (nine months)Cash-flow statement, investing activities. The 2025 period includes the Scale AI investment. | $2.54Bfrom $18.26B at Sep 30, 2025 | Sep 30, 2026 | Source |
| Oracle | Non-marketable equity securities and debt investmentsIncludes non-marketable debt as well as equity. Mostly Oracle's 15% equity-method stake in TikTok USDS Joint Venture LLC. | $2.4Bfrom $2.3B at May 31, 2026 | Aug 31, 2026 | Source |
| AMD | Non-marketable equity securities and other instruments (carrying value)DetailsInvestments "which primarily consist of investments in privately held SI and emerging technology companies," under the measurement alternative; reported only to the nearest $0.1 billion. AMD separately discloses commitments "to make equity investments of up to $5.1 billion, primarily in privately held companies that develop SI and other technologies," expected through fiscal 2028. Excludes $1.3 billion of marketable equity securities. | $1.9Bfrom $1.1B at Dec 27, 2025 | Sep 26, 2026 | Source |
| Qualcomm | Non-marketable equity investmentsDetailsRecorded in other assets; Qualcomm's QSI segment invests "primarily through our Qualcomm Ventures arm." Equity-method investments ($408 million vs. $163 million) are on a separate line and excluded here. | $1.57Bfrom $1.22B at Sep 28, 2025 | Sep 27, 2026 | Source |
| Salesforce | Privately held investment in Anthropic PBC (carrying value, approximate)DetailsA single holding within Salesforce's strategic investments: about 45% of the total at July 31, 2026, vs. about 22% at Jan. 31, 2026 (no prior dollar value given). Upward adjustments related to Anthropic were $2.7 billion for the three months and $3.0 billion for the six months to July 31, 2026. | $5.1B | Jul 31, 2026 | Source |
| Micron | Non-marketable equity investments without a readily determinable fair valueDetailsIn other noncurrent assets; "primarily held in AI and technology companies"; carried at cost less impairment, adjusted for observable price changes. FY2026 purchases of non-marketable equity securities were $1,046 million. | $1.3Bfrom $194M at Aug 28, 2025 | Sep 3, 2026 | Source |
| ServiceNow | Strategic investments in privately held companies'Predominantly comprised of non-marketable equity investments', mostly under the measurement alternative. | $2.05Bfrom $1.54B at Dec 31, 2025 | Sep 30, 2026 | Source |
| Snowflake | Total strategic investments, included in other assetsDetailsSnowflake reports in thousands ($370,178 thousand). Includes non-marketable equity under the measurement alternative ($352,284 thousand), non-marketable equity under the equity method ($5,397 thousand), marketable equity securities ($7,497 thousand), and non-marketable debt ($5,000 thousand). | $370.2Mfrom $380.6M at Jan 31, 2026 | Jul 31, 2026 | Source |
| Dell Technologies | Strategic investments in non-marketable equity and other securities (carrying value)Details"Primarily represent early-stage companies without readily determinable fair values"; Dell invests through Dell Technologies Capital. Excludes $82 million of marketable securities. Six-month gains include a $0.6 billion upward adjustment on a single investee. | $2.58Bfrom $1.64B at Jan 30, 2026 | Jul 31, 2026 | Source |
| SoftBank Group | Investments of SVF (FVTPL), millions of yenDetailsValues are in millions of yen, not dollars. Balance-sheet carrying amount of SoftBank Vision Fund 1, Vision Fund 2, and LatAm Funds investments at fair value through profit or loss. Includes public and private holdings and OpenAI; excludes SVF investments in SoftBank Group subsidiaries and equity-method holdings transferred into the funds. SVF2 alone: ¥19,414,407 million (¥16,320,923 million at March 31, 2026). | ¥26.54 trillionfrom ¥23.5 trillion at Mar 31, 2026 | Sep 30, 2026 | Source |
Nvidia's startup investments
Nvidia invests directly and through NVentures, Nvidia's venture arm. Nvidia's filings give a total but rarely name a company, so most rows rest on the startup's own announcement. Nvidia's next 10-Q, due with third-quarter results, will update the totals above.
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
OpenAIAI lab behind ChatGPT and GPT modelsstrategic funding roundDetailsOpenAI announced $110 billion at a $730 billion pre-money valuation on Feb. 27, 2026, and said on March 31, 2026, that the round closed with $122 billion of committed capital at $852 billion post-money. CNBC reported the $30 billion isn't tied to deployment milestones. No Nvidia filing names OpenAI or says how much Nvidia has paid. Nvidia invested $18.6 billion in private companies and infrastructure funds in the quarter ended April 26, 2026, so the full $30 billion wasn't paid that quarter. Separate from the $100 billion letter of intent, listed in this section. | $30B | $122B$852B post-money | Feb 27, 2026 | Closed | Our report Release |
AnthropicAI lab behind the Claude modelsconcurrent private placement at IPO (Class N common stock)Now: IPO pending (S-1/A filed Nov. 10, 2026; ticker ANT)DetailsContingent on the IPO closing and stockholder approval. The dollar amount is fixed; the share count changes with the IPO price. The Nov. 10, 2026, S-1/A ties Google's and AMD's purchases to earlier agreements but says nothing similar for Nvidia or Microsoft. Anthropic's Series G already used part of Nvidia's November 2025 pledge of up to $10 billion, so at least part of this purchase is new money. Anthropic doesn't say whether any part counts against the pledge. | approximately$10B | $26B | Nov 10, 2026 | Announced | Our report Filing |
AnthropicAI lab behind the Claude modelsstrategic commitmentNow: IPO pending (S-1/A filed Nov. 10, 2026; ticker ANT)DetailsMicrosoft committed up to $5 billion in the same deal. Anthropic's Series G, listed below, included part of this commitment. No source says how much Nvidia has funded. | up to$10B | n/d | Nov 18, 2025 | Announced | Our report Release |
Safe Superintelligence (SSI)Ilya Sutskever's AI research labstrategic equity investmentDetailsThe companies didn't disclose the amount. The $5 billion figure was reported first by Bloomberg, then by Reuters. TechCrunch says Nvidia was already an SSI investor and that the investment is in the multiple billions. | $5B | n/d | Jul 27, 2026 | Reported | Our report Press report |
SB EnergySoftBank-controlled power and AI data center developerprepaid forward contract for Class N common stockNow: IPO pending (S-1/A filed Sept. 21, 2026)DetailsNvidia paid Energy Global, SB Energy's existing holder, which put the full $1.5 billion into SB Energy the same day. Nvidia gets Class N shares at 90% of the IPO price when the IPO closes. Nvidia's Aug. 17 release: "NVIDIA to invest $1.5B in SB Energy now." The deal is tied to Nvidia's PORTS-Pike guarantees of up to $105 billion for OpenAI, which aren't an equity investment and appear in the AI money loop instead. | $1.5B | n/d | Aug 17, 2026 | Closed | Our report Filing |
SB EnergySoftBank-controlled power and AI data center developerconcurrent private placement at IPO (Class N common stock)Now: IPO pending (S-1/A filed Sept. 21, 2026)DetailsShare purchase agreement dated Aug. 17, 2026. Separate from the $1.5 billion prepaid forward, listed above; together they total $3.0 billion. Contingent on the IPO, which hadn't happened as of SB Energy's Sept. 21, 2026, S-1/A. | $1.5B | n/d | Aug 17, 2026 | Announced | Our report Filing |
NscaleUK-founded AI cloud and data center operatorpre-IPO convertible loan notes (initial tranche)Now: IPO pending (S-1/A filed Nov. 12, 2026)DetailsThe round figure is the full $3.36 billion financing: a $2.36 billion initial tranche plus Nvidia's separate $1.0 billion purchase, listed below. The notes convert into non-voting shares for Nvidia at the IPO. Nscale announced the raise Sept. 25, 2026; the S-1 dates the subscription agreement Sept. 15. | $1B | $3.36B | Sep 15, 2026 | Closed | Our report Filing |
PoolsideAI coding model developerfunding round (in discussion)DetailsReported plan only: $500 million, rising to $1 billion if Poolside meets fundraising targets. No source reports that the round closed. A later reported technology license and hiring deal between Nvidia and Poolside (about $6 billion, per our Sept. 1, 2026, post) is a license, not equity, and isn't counted. | up to$1B | $2B$12B pre-money | Oct 30, 2025 | Reported | Press report |
NscaleUK-founded AI cloud and data center operatorSeries C (SAFE conversion plus Series C-4 subscription)Now: IPO pending (S-1/A filed Nov. 12, 2026)Details$777,399,382.46 in total, per the S-1: a $300 million Pre-Series C SAFE plus $477.4 million of new Series C-4 shares. The S-1 says Pre-Series C SAFE money came in during 2025 but doesn't give the date of Nvidia's. The Series C first closed March 27, 2026, at $1.64 billion; a second closing on April 30, 2026, added $118.3 million. Nvidia's follow-on subscription agreement is dated March 9, 2026. | $777.4M | $1.64B | Mar 27, 2026 | Closed | Filing |
WayveUK self-driving software startupletter of intent for next round (Series D)DetailsNvidia declined to comment; a Wayve spokesperson called it a tentative commitment. No source says whether the $500 million went into Wayve's February 2026 Series D, listed below. | letter of intent to evaluate$500M | n/d | Sep 19, 2025 | In talks | Press report |
NscaleUK-founded AI cloud and data center operatorSeries BNow: IPO pending (S-1/A filed Nov. 12, 2026)DetailsNvidia paid exactly $399,999,964.32 for 63,177,840 Series B preferred shares. The S-1 gives the round size as approximate and says Nvidia became a greater-than-5% holder through this round. Separately, on Oct. 14, 2025, Nvidia received warrants worth $60 million for guaranteeing up to $860.34 million of a Ward County, Texas, lease. That's a guarantee fee, not an investment, so it isn't listed here. | $400M | $1.1B | Oct 8, 2025 | Closed | Filing |
xAIElon Musk's AI lab behind GrokSeries ENow: Acquired by SpaceX, effective Feb. 2, 2026. SpaceX went public in June 2026 (SPCX); final prospectus filed June 12, 2026.DetailsNeither xAI nor SpaceX's prospectus discloses Nvidia's amount. The xAI stake became SpaceX stock in the merger, so it's part of Nvidia's SpaceX holding in Nvidia's 13F (122,764,805 shares at June 30, 2026), not an additional stake. That holding may also include earlier xAI rounds. Tesla separately put $2.0 billion into the Series E, according to SpaceX's final prospectus, which shows xAI Series E preferred carried at $13,523 million. | Not disclosed | $20B | Jan 6, 2026 | Closed | Our report Release |
| Anysphere (Cursor)AI coding editor CursorSeries DNvidia's amount not disclosed. | Not disclosed | $2.3B$29.3B post-money | Nov 13, 2025 | Announced | Release |
CrusoeAI data center and cloud developerSeries E (initial closing)Details$1.375 billion is the anticipated round size at the initial closing. Crusoe's headline reads "Crusoe raises $1.375B at $10B valuation," but the body says the round brings the expected valuation to over $10 billion, so the valuation is left blank. | Not disclosed | $1.38B | Oct 24, 2025 | Announced | Release |
Reflection AIUS developer of open-weight frontier AI modelsfunding roundDetailsReflection raised $2 billion at an $8 billion valuation. TechCrunch doesn't say Nvidia led the round or give Nvidia's amount, and Reflection hasn't posted about the funding. Our Oct. 10, 2026, post reported early talks for Nvidia to acquire Reflection or invest more; those talks aren't listed as a deal. | Not disclosed | $2B$8B valuation | Oct 9, 2025 | Announced | Our report Press report |
| Thinking Machines LabMira Murati's AI research and product labSeedThe figures and investor list come from a company spokesperson quoted by TechCrunch. Nvidia's amount isn't disclosed. | Not disclosed | $2B$12B valuation | Jul 15, 2025 | Closed | Press report |
11 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
OpenAIAI lab behind ChatGPT and GPT modelsstrategic (letter of intent)DetailsA letter of intent that no filing shows became a definitive agreement. Tranches were to be paid as each gigawatt of Nvidia systems was deployed. Nvidia's 10-K, filed Feb. 25, 2026, said there was no assurance a deal would be completed, and on March 4, 2026, Jensen Huang told CNBC the $100 billion opportunity was probably not in the cards. Not added to Nvidia's separate $30 billion OpenAI check, listed below. | up to$100B | n/d | Sep 22, 2025 | Announced | Our report Release |
| DoctolibFrench medical booking and healthcare AI platformplanned investmentAmount and stake size not disclosed. | Not disclosed | n/d | Oct 12, 2026 | Announced | Our report Release |
| EntalpicFrench AI startup for materials discoveryplanned investmentAmount not disclosed. Nvidia's post groups the four startups as working on healthcare, materials discovery, physical AI, and business planning. | Not disclosed | n/d | Oct 12, 2026 | Announced | Our report Release |
| Genesis AIPhysical AI startupplanned investmentAmount not disclosed. Nvidia's post groups the four startups as working on healthcare, materials discovery, physical AI, and business planning. | Not disclosed | n/d | Oct 12, 2026 | Announced | Our report Release |
| PigmentBusiness planning software companyplanned investmentAmount not disclosed. Nvidia's post groups the four startups as working on healthcare, materials discovery, physical AI, and business planning. | Not disclosed | n/d | Oct 12, 2026 | Announced | Our report Release |
Thinking Machines LabMira Murati's AI research and product labstrategic investmentDetailsAmount not disclosed. Paired with a multiyear deal for Thinking Machines to deploy at least one gigawatt of Nvidia Vera Rubin systems; that compute deal isn't counted here. | Not disclosed | n/d | Mar 10, 2026 | Announced | Release |
| Figure AIHumanoid robot makerSeries CFigure gave the round size only as more than $1 billion of committed capital, so the round column is blank. Nvidia's amount isn't disclosed. | Not disclosed | n/d$39B post-money | Sep 16, 2025 | Announced | Release |
Mistral AIFrench AI lab building open and commercial modelsSeries CDetailsMistral gave the round and valuation in euros only (€1.7 billion raised at an €11.7 billion post-money valuation), so the dollar columns are blank. Nvidia's amount isn't disclosed; Mistral lists Nvidia as an existing investor. | Not disclosed | n/d | Sep 9, 2025 | Announced | Release |
NscaleUK-founded AI cloud and data center operator"NVIDIA Sale" (convertible loan notes or non-voting shares)Now: IPO pending (S-1/A filed Nov. 12, 2026)DetailsNot yet funded as of the S-1/A; expected around Nov. 16, 2026. This $1 billion is separate from Nvidia's $1.0 billion in the initial tranche, listed above. | $1B | $3.36B | Sep 15, 2026 | Announced | Our report Filing |
WayveUK self-driving software startupSeries DDetailsWayve's $1.2 billion Series D, at $8.6 billion post-money, was led by Eclipse, Balderton, and SoftBank Vision Fund 2. Wayve cited $1.5 billion in total, including milestone-based money from Uber. Nvidia's amount isn't disclosed. | Not disclosed | $1.2B$8.6B post-money | Feb 25, 2026 | Closed | Release |
AnthropicAI lab behind the Claude modelsSeries GNow: IPO pending (S-1/A filed Nov. 10, 2026; ticker ANT)DetailsNvidia's share of the $30 billion isn't disclosed. Nvidia's money in the round came out of the November 2025 commitment of up to $10 billion, listed above, and isn't new money on top of it. Anthropic's S-1/A says Anthropic sold Series G-1 shares from January to February 2026 at $259.1364 a share for $23.45 billion. Nvidia, not a 5% holder, isn't named in the filing's related-person tables. | Not disclosed | $30B$380B post-money | Feb 12, 2026 | Announced | Release |
Alphabet and Google
Most of these rows are Google's tranches of money into Anthropic, from the first stake in 2023 through the deal of up to $40 billion in April 2026. When a later row was paid out of an earlier pledge, the note says so, and the two aren't separate checks.
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
Anthropic (via Google LLC)Maker of the Claude frontier AI modelsSeries G-2 non-voting preferred plus 2026 stock and note facilityDetailsThe $40 billion is $10 billion of Series G-2 stock at the Series G price of $259.1364 a share, plus up to $30 billion under Google's 2026 note purchase agreement. Announced April 24, 2026; the S-1/A dates the agreement March 2026. Of the $30 billion, $10 billion went into the Series H and $10 billion is committed to the IPO private placement, both listed below, leaving $10 billion. Draws depend on compute and revenue conditions, and Google's stake is capped at 14.99% unless waived. Alphabet's Q3 2026 10-Q showed $20.0 billion of these commitments still undrawn at Sept. 30, 2026, before the placement. | up to$40B | n/d$380B post-money | Apr 24, 2026 | Paid in tranches | Filing |
Anthropic (via Google LLC)Maker of the Claude frontier AI modelsconvertible note (2024 note purchase agreement)DetailsConverted in 2025 into 24.2 million shares of Series E-5 non-voting preferred. The S-1/A shows no separate Google agreement in January 2025, so a press report of a further Google investment that month isn't listed. | approximately$1.3B | n/d | Aug 2024 | Closed | Filing |
| Anthropic (via Google LLC)Maker of the Claude frontier AI modelsconvertible note (2023 note purchase agreement, tranche 3 of 3)The notes bore 10.0% interest with a 48-month maturity. | $750M | n/d | Sep 2025 | Closed | Filing |
| Anthropic (via Google LLC)Maker of the Claude frontier AI modelsconvertible note (2023 note purchase agreement, tranche 2 of 3)Converted in 2025 into Series E-4 non-voting preferred stock at $50.4779 a share. | $750M | n/d | Sep 2024 | Closed | Filing |
Anthropic (via Google LLC)Maker of the Claude frontier AI modelsconvertible note (2023 note purchase agreement, tranche 1 of 3)DetailsGoogle's 2023 note purchase agreement was for up to $2.0 billion in three tranches: this one and the two below. This tranche converted in 2025 into Series E-3 non-voting preferred stock. | $500M | n/d | Sep 2023 | Closed | Filing |
| AnthropicMaker of the Claude frontier AI modelsinitial equity investmentCNBC put the stake at about 10% and gives the year only. Anthropic's S-1/A doesn't itemize this purchase by investor name. | $300M10% stake | n/d | 2023 | Closed | Press report |
| Anysphere (Cursor)AI code editor CursorSeries DGoogle was a new investor. Google's amount and investing vehicle weren't disclosed. | Not disclosed | $2.3B$29.3B post-money | Nov 13, 2025 | Announced | Release |
7 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
| Fractile (via CapitalG)UK AI inference chip startupSeries CFractile gave Reuters the round size; the $7 billion valuation comes from one person involved in the deal. CapitalG's amount wasn't disclosed. | Not disclosed | $720M$7B valuation | Nov 11, 2026 | Announced | Our report Press report |
Physical Intelligence (via CapitalG)AI foundation models that let robots learn tasksDetailsCapitalG led the round. The "Amazon" in Bloomberg's investor list is Amazon founder Jeff Bezos, not the company. Other trade outlets call this a Series B; Bloomberg gives no series. | Not disclosed | $600M$5.6B post-money | Nov 20, 2025 | Reported | Press report |
Celero Communications (via CapitalG)Coherent DSP chips for AI data-center networkingSeries BDetailsCapitalG led; CapitalG's own share wasn't disclosed. Bloomberg reported on Sept. 8, 2026, that CapitalG is backing Celero at a valuation above $3 billion; that report isn't listed as a separate deal. | Not disclosed | $100M | Nov 17, 2025 | Closed | Our report Release |
TAE TechnologiesFusion power developerDetailsThe round was more than $150 million; Google's amount wasn't disclosed. Google Research has worked with TAE since 2014. TAE agreed in December 2025 to merge with Trump Media & Technology Group (DJT) in an all-stock deal. DJT's S-4 went effective Nov. 5, 2026, and the deal was still pending as of DJT's Nov. 10, 2026, Form 425. | Not disclosed | $150M | Jun 2, 2025 | Announced | Release |
Safe Superintelligence (SSI)AI lab founded by Ilya Sutskever building superintelligenceDetailsReuters is the only source for this investment and couldn't determine the terms. Reuters said SSI was recently valued at $32 billion in a round led by Greenoaks but doesn't say Alphabet invested in that round. Reuters also reported that Google Cloud agreed to sell SSI access to Google's TPU chips. | Not disclosed | n/d$32B recent valuation reported by Reuters; Reuters doesn't tie Alphabet's investment to that round | Apr 11, 2025 | Reported | Press report |
Anthropic (via Google LLC)Maker of the Claude frontier AI modelsconcurrent private placement (Class N common) at IPO priceDetailsContingent on the IPO closing and Anthropic stockholder approval. The dollar amount is fixed; the share count changes with the IPO price (135,135,135 shares at the $74 assumed midpoint). Counts against Google's 2026 agreement, cutting the room left from $20.0 billion to $10.0 billion. The S-1/A shows Google holding 1,654,463,134 Class N shares just before the IPO and placement and 1,789,598,269 after (as converted). The filing says only that Google will hold more than 5%. | approximately$10B | $26B | Nov 10, 2026 | Announced | Filing |
Anthropic (via Google LLC)Maker of the Claude frontier AI modelsSeries HDetailsPaid out of Google's 2026 commitment, listed above. The date is Anthropic's Series H release of May 28, 2026, which announced $65 billion at a $965 billion post-money valuation, including $15 billion of previously committed money from hyperscalers, $5 billion of it from Amazon. The S-1/A totals Series H-1 and H-2 sales at about $65.2 billion. | $10B | $65B$965B post-money | May 28, 2026 | Closed | Filing |
Amazon
Amazon's Anthropic money came as convertible notes in five tranches, then a 2026 deal of up to $25 billion. Amazon's $50 billion of OpenAI preferred stock was fully paid by Sept. 30, 2026, according to Amazon's 10-Q.
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
OpenAIMaker of ChatGPT and GPT frontier AI modelsSeries C preferredDetailsOpenAI announced $110 billion at a $730 billion pre-money valuation on Feb. 27, 2026, the same day as Amazon's release. On March 31, 2026, OpenAI said the round closed at $122 billion of commitments and an $852 billion valuation. OpenAI said Microsoft also took part but didn't give Microsoft's amount. Amazon's investment came with a $100 billion expansion of the AWS compute deal. | $15 billion initial plus $35 billion commitment; fully funded by Q3 2026$50B | $122B$852B post-money | Feb 27, 2026 | Closed | Filing |
Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsSeries G-2 non-voting preferred plus 2026 stock and note facilityDetailsThe $25 billion is $5 billion of Series G-2 stock at $259.1364 a share plus a facility of up to $20 billion, per Anthropic's April 20, 2026, release. Of the facility, $5 billion went into the Series H, listed below. The remaining $15 billion becomes available in $5 billion steps as compute-capacity milestones are met. Amazon's 10-Q says no draws were possible at inception and the facility expires 30 months after an Anthropic liquidity event. Both companies' filings describe a stock purchase and convertible note facility, not a loan. | up to$25B | n/d | Apr 20, 2026 | Paid in tranches | Filing |
| Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsconvertible note (2023 note purchase agreement, tranche 2 of 2)Amazon paid $2.8 billion in cash for $3.4 billion of note principal. | cash proceeds; note principal $3.4 billion$2.8B | n/d | Mar 2024 | Closed | Filing |
| Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsconvertible note (2024 note purchase agreement, tranche 3 of 3)Non-interest-bearing; matures November 2035. | $1.4B | n/d | Nov 2025 | Closed | Filing |
| Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsconvertible note (2024 note purchase agreement, tranche 2 of 3)Amazon's Q3 2026 10-Q says Amazon invested $1.3 billion in Anthropic convertible notes in Q2 2025. Non-interest-bearing; matures May 2035. | $1.3B | n/d | May 2025 | Closed | Filing |
Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsconvertible note (2024 note purchase agreement, tranche 1 of 3)DetailsAmazon's 2024 note purchase agreement was for up to $4.0 billion in three tranches: this one and the two below. None of the 2024 notes had converted as of Sept. 30, 2026 ($4.0 billion outstanding) because of Amazon's 12% ownership cap. | $1.3B | n/d | Nov 2024 | Closed | Filing |
Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsconvertible note (2023 note purchase agreement, tranche 1 of 2)DetailsAmazon's Q3 2026 10-Q says Amazon invested $8.0 billion in Anthropic convertible notes from Q3 2023 to Q4 2025, covering this tranche and the four below. Parts of the 2023 notes converted to Series E-2, F-2, and G-3 non-voting preferred. About $2.2 billion of rollover note principal from the 2023 agreement was still outstanding at Sept. 30, 2026. | $1.2B | n/d | Sep 2023 | Closed | Filing |
1 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
| Anthropic (via Amazon Web Services, Inc.)Maker of the Claude frontier AI modelsSeries HThe date is Anthropic's Series H release, which names "$5 billion from Amazon" among $15 billion of previously committed hyperscaler investments.Part of the money in another row on this page. | $5B | $65B$965B post-money | May 28, 2026 | Closed | Filing |
Microsoft and Meta
Microsoft accounts for the OpenAI stake under the equity method, and Microsoft's filings fold it into a single line with the company's other equity-method holdings. Meta's largest private bet is Scale AI, where Meta reportedly holds 49%.
| Investor | Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|---|
| Meta | Scale AIAI training-data labeling and evaluation servicesnon-voting minority investmentDetailsScale's June 12, 2025, release names Meta's investment and the "over $29 billion" valuation but gives no dollar amount; the $14.3 billion is the total reported by AP. Meta's Q2 2025 10-Q calls the stake a non-voting minority and says $13.79 billion of the total consideration went into non-marketable equity investments. The FY2025 10-K carries it at $13.80 billion. Scale said it would distribute proceeds from Meta's investment to shareholders and vested equity holders. Founder Alexandr Wang joined Meta. | reported; Meta's 10-Q booked $13.79 billion of the total consideration as non-marketable equity$14.3B49% stake | n/d$29B "over $29 billion"; pre- or post-money not stated | Jun 12, 2025 | Closed | Press report |
| Microsoft | OpenAIMaker of ChatGPT and GPT frontier AI modelscumulative strategic investment (2019 onward)DetailsThe date is the 10-Q filing date; the partnership dates to 2019. Microsoft's 10-K for the year ended June 30, 2026, gave an approximate 25% interest and $11.9 billion funded. Microsoft uses the equity method and doesn't break out the OpenAI carrying value; all of Microsoft's equity-method investments were $12.4 billion at Sept. 30, 2026. | total funding commitments; $12.0 billion funded as of Sept. 30, 2026$13B24% stake | n/d | Oct 28, 2026 | Paid in tranches | Filing |
| Microsoft | AnthropicMaker of the Claude frontier AI modelsstrategic investmentDetailsPaired with Anthropic's commitment to buy $30 billion of Azure compute. Anthropic's Feb. 12, 2026, Series G release says the round "includes a portion of the previously announced investments from Microsoft and NVIDIA." No filing says how much Microsoft has funded. | up to$5B | n/d | Nov 18, 2025 | Announced | Release |
| Microsoft | AnthropicMaker of the Claude frontier AI modelsconcurrent private placement (Class N common) at IPO priceDetailsContingent on the IPO closing and Anthropic stockholder approval. The dollar amount is fixed; the share count (13,513,513 at the $74.00 assumed midpoint) changes with the final IPO price. The filing doesn't say whether this counts toward Microsoft's November 2025 pledge of up to $5 billion, listed above. | approximately$1B | $26B | Nov 10, 2026 | Announced | Filing |
2 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
Gimlet Labs (via M12)Software that splits AI inference across multiple chip typesSeries BDetailsThe valuation is from Bloomberg (Sept. 4, 2026), which said the round "brought the company's valuation to $3 billion" without saying pre- or post-money. M12's amount wasn't disclosed. | Not disclosed | $300M$3B valuation | Sep 4, 2026 | Announced | Our report Release |
OpenAIMaker of ChatGPT and GPT frontier AI modelsrecapitalization into OpenAI Group PBCDetailsNo new cash; the recapitalization restated the existing stake. The $135 billion is the value of Microsoft's stake, not a check. Microsoft's FY2026 10-K reports $6.5 billion of FY2026 net gains from OpenAI investments, mostly the dilution gain from the recapitalization. Microsoft's stake was about 24% at Sept. 30, 2026. | Not disclosed27% stake | n/d | Oct 28, 2025 | Closed | Release |
SoftBank
SoftBank invests mainly through the Vision Funds, so SoftBank's reports read more like a fund's than a tech company's. The OpenAI checks below come from SoftBank's own financial reports.
| Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|
OpenAI (via SoftBank Vision Fund 2)AI lab behind ChatGPT and GPT models2026 follow-on investment (three tranches)DetailsSoftBank paid three $10.0 billion tranches on April 1, July 1, and Oct. 1, 2026 (Japan time), at a $730.0 billion pre-money valuation, for preferred shares that convert to common on an IPO. The stake of about 13% is SoftBank's total ownership after $64.6 billion of OpenAI investments, as of Oct. 1, 2026, not this round alone. OpenAI announced $110 billion on Feb. 27, 2026 (Amazon $50 billion, Nvidia $30 billion, and SoftBank $30 billion) and said on March 31, 2026, that the round closed at $122 billion, $852 billion post-money, with SoftBank a co-lead and Microsoft also taking part. | $30B13% stake | $122B$852B post-money | Feb 27, 2026 | Closed | Our report Filing |
OpenAI (via SoftBank Vision Fund 2)AI lab behind ChatGPT and GPT models2025 follow-on investment (two closings)DetailsCommitted March 31, 2025. SoftBank's own $30.0 billion went in at two closings: $7.5 billion in April 2025 and $22.5 billion in December 2025. The $41.0 billion round includes $11.0 billion syndicated to co-investors. SoftBank's cumulative OpenAI investment was $2.2 billion at March 31, 2025, and $34.6 billion at March 31, 2026, including $2.4 billion of other investments during the year. | $30B | $41B$260B pre-money | Mar 31, 2025 | Closed | Filing |
Chipmakers: AMD, Intel, Samsung, SK Hynix, and others
Several chipmakers agreed in November 2026 to buy Anthropic shares in a private sale that closes with Anthropic's IPO. Those purchases depend on the IPO closing and are marked that way.
| Investor | Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|---|
| AMD | AnthropicAI lab behind the Claude modelsstrategic equity commitmentDetailsTied to a deal for up to 2 gigawatts of AMD Instinct MI450 GPUs. Anthropic draws the money in steps as GPU delivery milestones are met and expects the first milestone in 2027. Nothing had been funded as of the S-1/A. The S-1/A says AMD's $2.5 billion purchase in the IPO private placement, listed below, will cut this commitment to $2.5 billion. | up to$5B | n/d | Jul 22, 2026 | Paid in tranches | Release |
| Broadcom | AnthropicAI lab behind the Claude modelsconcurrent private placement with IPO (Class N common stock)DetailsContingent on the IPO closing and stockholder approval; the dollar amount is fixed and the share count moves with the IPO price. Separate from a March 2026 agreement under which Anthropic may issue up to $42.0 billion of 9.00% convertible notes to Broadcom or a financial partner Broadcom designates, to finance Anthropic's obligations under a 2026 equipment lease. That lease financing isn't counted here. | approximately$1B | $26B | Nov 10, 2026 | Announced | Filing |
| Micron | AnthropicAI lab behind the Claude modelsconcurrent private placement with IPO (Class N common stock)DetailsContingent on the IPO closing and stockholder approval; the dollar amount is fixed and the share count moves with the IPO price. Micron also joined the Series H in May 2026, listed below. | approximately$1B | $26B | Nov 10, 2026 | Announced | Filing |
| TSMCTSMC Partners, Ltd. | AnthropicAI lab behind the Claude modelsconcurrent private placement with IPO (Class N common stock)Contingent on the IPO closing and stockholder approval; the dollar amount is fixed and the share count moves with the IPO price. | approximately$500M | $26B | Nov 10, 2026 | Announced | Filing |
| IntelIntel Capital | SambaNovaAI inference chips and AI cloudSeries F (first close)DetailsSambaNova completed the first close of a $1 billion Series F at an $11 billion post-money valuation. SambaNova lists Intel Capital among new and existing investors without giving Intel's amount. | Not disclosed | $1B$11B post-money | Jul 8, 2026 | Closed | Release |
| Micron | AnthropicAI lab behind the Claude modelsSeries HDetailsMicron's check isn't disclosed. The $65 billion includes $15 billion of earlier hyperscaler commitments. Micron's FY2026 10-K shows $1,046 million of non-marketable equity purchases in the year but doesn't name Anthropic. | Not disclosed | $65B$965B post-money | May 28, 2026 | Closed | Release |
| Samsung Electronics | AnthropicAI lab behind the Claude modelsSeries HAnthropic didn't disclose the check. Anthropic's release says "Samsung"; Korea JoongAng Daily names Samsung Electronics. | Not disclosed | $65B$965B post-money | May 28, 2026 | Closed | Release |
| SK hynix | AnthropicAI lab behind the Claude modelsSeries HCheck size not disclosed. | Not disclosed | $65B$965B post-money | May 28, 2026 | Closed | Release |
| AMD | World LabsFei-Fei Li's spatial intelligence and 3D world-model labfunding round (not named)Now: AMD agreed in September 2026 to acquire World Labs in an all-stock deal valued at about $8.2 billion, according to AMD's 10-Q; expected to close by the end of 2026.Check size and valuation not disclosed. The pending acquisition is a takeover, not a minority investment, so it isn't listed as a deal. | Not disclosed | $1B | Feb 18, 2026 | Announced | Our report Release |
| AMD | Thinking Machines LabMira Murati's frontier AI research labSeedThe figures come from a company spokesperson quoted by TechCrunch. Check size not disclosed. | Not disclosed | $2B$12B valuation | Jul 15, 2025 | Closed | Press report |
21 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Investor | Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|---|
| IntelIntel Capital | MueonModular compute-memory-power building blocks for data centersSeries AIntel Capital's managing director joins Mueon's board. Check size not disclosed. | Not disclosed | $65M | Oct 15, 2026 | Announced | Release |
| IntelIntel Capital | Salience LabsPhotonic optical circuit switches for AI data centersSeries BCheck size not disclosed. Applied Ventures is Applied Materials' venture arm. | Not disclosed | $125M | Oct 14, 2026 | Closed | Release |
| AMDAMD Ventures | Salience LabsPhotonic optical circuit switches for AI data centersSeries BCheck size not disclosed. | Not disclosed | $125M | Oct 14, 2026 | Closed | Release |
| AMDAMD Ventures | Oxide Computer CompanyRack-scale on-premises cloud computersSeries DDetailsAMD Ventures joined as a new investor; the release calls the deal "a strategic investment in Oxide." The release, reposted on Intel Capital's site, doesn't name Intel Capital in this round. Check size not disclosed. | Not disclosed | $445M | Oct 9, 2026 | Announced | Release |
| Samsung Electronics | Mistral AIFrench open-weight AI model makerSeries D (lead)DetailsMistral raised €3 billion at a post-money valuation of more than €21 billion; the dollar columns are blank because the source gives euros only. Samsung's check isn't disclosed. Hankyung reported, without naming a source, that the check was less than 1 trillion won. | Not disclosed | n/d | Sep 8, 2026 | Announced | Our report Release |
| IntelIntel Capital | HiggsfieldAI video and image creation platformSeries BAI application, not infrastructure. Check size not disclosed. | Not disclosed | $400M$5.4B valuation | Aug 17, 2026 | Announced | Release |
| IntelIntel Capital | Xsight LabsDPUs and switch chips for AI data center networksfunding round (not named)The round was more than $300 million. | Not disclosed | $300M$2.8B post-money | Jul 30, 2026 | Closed | Release |
| IntelIntel Capital | Prime IntellectOpen stack for AI training, reinforcement learning, and inferenceSeries ADate is Intel Capital's posting date. Check size not disclosed. | Not disclosed | $130M | Jul 8, 2026 | Announced | Release |
| AMDAMD Ventures | HarkNew AI lab building personalized intelligenceSeries AThe round was more than $700 million. The date is Intel Capital's posting date; the release itself isn't dated. Check size not disclosed. | Not disclosed | $700M$6B post-money | May 21, 2026 | Announced | Release |
| IntelIntel Capital | HarkNew AI lab building personalized intelligenceSeries AThe round was more than $700 million. The date is Intel Capital's posting date. Check size not disclosed. | Not disclosed | $700M$6B post-money | May 21, 2026 | Announced | Release |
| QualcommQualcomm Ventures | HarkNew AI lab building personalized intelligenceSeries AThe round was more than $700 million. The date is Intel Capital's posting date. Check size not disclosed. | Not disclosed | $700M$6B post-money | May 21, 2026 | Announced | Release |
| SK hynix | SemidynamicsMemory-centric AI inference chips and racksstrategic investmentAmount not disclosed. | Not disclosed | n/d | Apr 8, 2026 | Announced | Release |
| IntelIntel Capital | SambaNovaAI inference chips and AI cloudSeries EDetailsSambaNova's release says the round was "more than $350M," led by Vista Equity Partners and Cambium Capital "with strong participation from Intel Capital." Intel's amount isn't disclosed. The release also says Intel "plans to make a strategic investment" as part of the collaboration but doesn't say whether that's separate from the Series E. Intel Capital is also named in SambaNova's Series F first close ($1 billion at $11 billion post-money, July 8, 2026), listed below. | Not disclosed | $350M | Feb 24, 2026 | Announced | Release |
| AMD | EliyanChiplet interconnect and PHY products for AI chipsstrategic investmentDetailsCheck size not disclosed. Eliyan doesn't say whether this $50 million is part of the $145 million Series C total announced July 29, 2026, listed below. | Not disclosed | $50M | Jan 28, 2026 | Announced | Release |
| Arm | EliyanChiplet interconnect and PHY products for AI chipsstrategic investmentCheck size not disclosed. | Not disclosed | $50M | Jan 28, 2026 | Announced | Release |
| Samsung ElectronicsSamsung Catalyst Fund | EliyanChiplet interconnect and PHY products for AI chipsstrategic investmentA follow-on: Samsung Catalyst Fund led Eliyan's 2024 round, according to the fund. Check size not disclosed. | Not disclosed | $50M | Jan 28, 2026 | Announced | Release |
| IntelIntel Capital | EliyanChiplet interconnect and PHY products for AI chipsstrategic investmentDetailsA follow-on. Check size not disclosed. Intel said in January 2025 that it planned to spin off Intel Capital, then dropped the plan in April 2025, so Intel Capital remains part of Intel. | Not disclosed | $50M | Jan 28, 2026 | Announced | Release |
| SamsungSamsung Ventures | RebellionsKorean AI inference chip designerSeries CDetailsThe release says "Samsung Ventures" without naming the parent. Samsung Venture Investment is a Samsung group venture firm, so the investment is grouped under Samsung, not Samsung Electronics. Check size not disclosed. Rebellions later raised a $400 million pre-IPO round (March 30, 2026) that named none of the public companies on this page. | Not disclosed | $250M$1.4B valuation | Sep 30, 2025 | Announced | Release |
| Arm | RebellionsKorean AI inference chip designerSeries CDetailsRebellions' headline says "backed by Arm"; the body calls Arm a "strategic partner" without using the word investor in that sentence. SoftBank Group owns a majority of Arm. Check size not disclosed. | Not disclosed | $250M$1.4B valuation | Sep 30, 2025 | Announced | Release |
| AMDAMD Ventures | CohereCanadian enterprise and sovereign AI model makerfunding round (not named in release)Check size not disclosed. | Not disclosed | $500M$6.8B valuation | Aug 14, 2025 | Announced | Release |
| AMD | AnthropicAI lab behind the Claude modelsconcurrent private placement with IPO (Class N common stock)DetailsContingent on the IPO closing and Anthropic stockholder approval; set to close right after the IPO. The $2.5 billion price is fixed; the share count (33,783,783 at the $74.00 midpoint) changes with the final IPO price. The agreements were signed in November 2026 and first disclosed in the Nov. 10, 2026, S-1/A. The $26.0 billion is the whole placement across seven buyers. The purchase counts against AMD's commitment of up to $5 billion, listed above, leaving up to $2.5 billion. | approximately$2.5B | $26B | Nov 10, 2026 | Announced | Filing |
Salesforce, Cisco, ServiceNow, and Dell
Enterprise software and hardware companies mostly invest through venture arms and rarely give the size of their own check.
| Investor | Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|---|
| SalesforceSalesforce Ventures | AnthropicAI lab behind the Claude modelsSeries GDetailsSalesforce's check isn't disclosed. Anthropic's list of significant Series G investors doesn't name Salesforce Ventures; Salesforce's participation rests on a Salesforce Ventures post. Microsoft and Nvidia are in the round through "a portion of the previously announced investments." Salesforce's 10-Q puts the Anthropic carrying value at about $5.1 billion at July 31, 2026, shown in the company totals. | Not disclosed | $30B$380B post-money | Feb 12, 2026 | Closed | Release |
| CiscoCisco Investments | xAIAI lab behind Grok; builds Colossus GPU clustersSeries ENow: Acquired by SpaceX, effective Feb. 2, 2026; now a wholly owned subsidiary. SpaceX went public in June 2026 (SPCX).Check size and valuation not disclosed. | Not disclosed | $20B | Jan 6, 2026 | Closed | Release |
| SalesforceSalesforce Ventures | AnthropicAI lab behind the Claude modelsSeries FDetailsCheck size not disclosed. Anthropic's Series F post doesn't name Salesforce Ventures; Salesforce's participation rests on a Salesforce Ventures statement that the fund invested in every round from Series D through Series G. | Not disclosed | $13B$183B post-money | Sep 2, 2025 | Closed | Release |
| Cisco | Thinking Machines LabMira Murati's frontier AI research labSeedThe figures come from a company spokesperson quoted by TechCrunch. Check size not disclosed. | Not disclosed | $2B$12B valuation | Jul 15, 2025 | Closed | Press report |
| ServiceNow | Thinking Machines LabMira Murati's frontier AI research labSeedThe figures come from a company spokesperson quoted by TechCrunch. Check size not disclosed. | Not disclosed | $2B$12B valuation | Jul 15, 2025 | Closed | Press report |
| SalesforceSalesforce Ventures | AnthropicAI lab behind the Claude modelsSeries ECheck size not disclosed. | Not disclosed | $3.5B$61.5B post-money | Mar 3, 2025 | Announced | Release |
| CiscoCisco Investments | AnthropicAI lab behind the Claude modelsSeries ECheck size not disclosed. | Not disclosed | $3.5B$61.5B post-money | Mar 3, 2025 | Announced | Release |
5 more: smaller or undisclosed checks, letters of intent, or money counted in a row above
| Investor | Startup | Investor's check | Round | Date | Status | Source |
|---|---|---|---|---|---|---|
| SalesforceSalesforce Ventures | Mistral AIFrench open-weight AI model makerSeries DMistral raised €3 billion at more than €21 billion post-money; the source gives euros only. Check size not disclosed. | Not disclosed | n/d | Sep 8, 2026 | Announced | Release |
| CiscoCisco Investments | EliyanChiplet interconnect and PHY products for AI chipsSeries CDetailsEliyan's release says the company "completed its Series C with a total of $145 million" but doesn't say whether that includes the $50 million January strategic round, listed above. Check size not disclosed. | Not disclosed | $145M$1B valuation | Jul 29, 2026 | Closed | Release |
| Dell TechnologiesDell Technologies Capital | Prime IntellectOpen stack for AI training, reinforcement learning, and inferenceSeries AThe date is Intel Capital's posting date. Check size not disclosed. | Not disclosed | $130M | Jul 8, 2026 | Announced | Release |
| SalesforceSalesforce Ventures | HarkNew AI lab building personalized intelligenceSeries AThe round was more than $700 million. The date is Intel Capital's posting date. Check size not disclosed. | Not disclosed | $700M$6B post-money | May 21, 2026 | Announced | Release |
| SalesforceSalesforce Ventures | CohereCanadian enterprise and sovereign AI model makerfunding round (not named in release)Check size not disclosed. | Not disclosed | $500M$6.8B valuation | Aug 14, 2025 | Announced | Release |
How this ledger is kept
An investment gets a row when a filing, a company release, or a named outlet reports that a listed company, or its venture arm, put money into a startup that was private at the time. Loans, guarantees, and compute contracts are on the AI debt tracker and the compute commitments tracker. Buyouts of control are left out.
The investor's check and the round are different numbers. A startup that raises $2 billion from Nvidia and others has not taken $2 billion from Nvidia. We show the investor's own check only when a source states it, and write "Not disclosed" otherwise. We do not estimate a share of a round. Pledges paid in tranches show the headline figure with "up to," and the note says what has been paid when a filing says so.
Status keeps reports apart from deals. Reported means only press reports support it. Announced covers pledges and letters of intent. Closed means a source says the money went in. When a pledge is later paid into a round that has its own row, the later row is marked as part of the earlier money, so the two are not read as separate checks.
The company totals come from each investor's own quarterly or annual report, under the label the company uses. They are never added to the deal rows or to each other: they cover every private holding, not only these deals, and companies value those holdings differently.
Common questions
- How much has Nvidia invested in startups?
- Nvidia's 10-Q for the quarter ended July 26, 2026, carries $47.9 billion of non-marketable equity securities, which are mostly stakes in private companies, up from $22.3 billion on Jan. 25, 2026. Nvidia added $31.0 billion in the first six months of the fiscal year. Nvidia also had $25 billion of equity investment commitments not yet paid in, $18 billion of them due by the end of the fiscal year. The New York Times reported, citing securities filings, that the portfolio covers 229 private companies; the 10-Q doesn't give a count.
- Which startups has Nvidia invested in?
- The biggest disclosed checks are $30 billion in OpenAI's 2026 round and about $10 billion in Anthropic's private share sale tied to Anthropic's IPO, plus a pledge of up to $10 billion to Anthropic in November 2025. Nvidia has also put money into xAI, Mistral AI, Cursor's maker Anysphere, Figure AI, Crusoe, Thinking Machines Lab, Nscale, SB Energy, Reflection AI, and Wayve, among others. Most of those didn't disclose Nvidia's amount.
- Why doesn't this page add the investments up?
- Because the sum would be wrong. Many checks aren't disclosed, many figures are up-to pledges paid in tranches, and some later rows were paid out of earlier pledges. Each company's own total is in the first table instead.
- Why did Alphabet's and Amazon's private holdings jump so much?
- Most private shares are carried at cost and marked up only when there's an observable price, such as a new funding round. Anthropic raised money at higher valuations in 2026, so the value of Alphabet's and Amazon's existing stakes rose with it. Amazon's 10-Q, for example, records $62.8 billion of such upward adjustments to its Anthropic preferred stock in the first nine months of 2026.
- What is the difference between an investor's check and the round size?
- The round is everything a startup raised in one financing. The check is one investor's share of it. A startup that raises $2 billion from Nvidia and others hasn't taken $2 billion from Nvidia. This page shows the investor's check only when a source states it.
- How often is this page updated?
- Rows change when a filing, a company release, or a named outlet reports a new investment or a change to one already listed. Company totals change when each company files its next quarterly report. Each row links to its source.
Use this data
Our figures are free to reuse in articles, newsletters, and research with attribution and a link back to this page. Current table as a file: download CSV.
Suggested citation: AIStockWire, “Big Tech startup investments tracker: Nvidia, Google, Amazon, and Microsoft stakes,” aistockwire.com/startup-investments-tracker, data as of Nov 13, 2026. Questions about the data: support@aistockwire.com.
Related: AI compute commitments, AI debt tracker, the AI money loop, AI IPO tracker. Not investment advice.