Nvidia is planning to enter the server rental industry.
According to The Information, the semiconductor giant is reportedly close to finalizing a deal to acquire Lepton AI, a company specializing in renting servers powered by Nvidia’s AI chips. Citing unnamed sources, the report estimates the deal to be valued at several hundred million dollars.
Founded two years ago, Lepton AI secured an $11 million seed round in May 2023, backed by CRV and Fusion Fund. Another major competitor in the server rental market is Together AI, a startup that, despite being only about a year older than Lepton, has raised over $500 million in venture capital.
Nvidia is said to have acquired the synthetic data startup Gretel last week.
