NVDA - Nvidia To Acquire Shoreline.Io For $100M As Jensen Huang-Led AI Stalwart Aims To Cut Revenue Reliance On Microsoft Amazon And More: Report (UPDATED) | Benzinga
Editor’s Note: The article has been updated with response from Nvidia and Shoreline.io.
Nvidia Corp. (NASDAQ:NVDA) has reportedly agreed to acquire Shoreline.io, a software startup, for an estimated $100 million.
What Happened: The acquisition deal was recently finalized, according to sources familiar with the matter, as reported by Bloomberg on Tuesday. The sources, who chose to remain anonymous, disclosed that the deal values Shoreline at approximately $100 million.
Shoreline, based in Redwood City, California, specializes in developing software that identifies issues and incidents within computer systems and automates processes to resolve them. The company was established in 2019 by Anurag Gupta, a former Amazon Web Services executive.
Nvidia, a key player in the development of computer systems essential for creating and running AI software, has been actively ...