AI chip giant Nvidia has reportedly acquired San Diego-based startup Gretel, a company specializing in platforms for generating synthetic AI training data. According to Wired, the acquisition was a nine-figure deal, exceeding Gretel's recent $320 million valuation, though specific terms remain undisclosed.
Founded in 2019 by Alex Watson, Laszlo Bock, John Myers, and CEO Ali Golshan, Gretel fine-tunes models, adds proprietary technology, and sells these packaged models. Before the Nvidia acquisition, Gretel had raised over $67 million in venture capital from investors including Anthos Capital, Greylock, and Moonshots Capital.
Wired reports that Gretel and its approximately 80 employees will be integrated into Nvidia, with its technology deployed as part of Nvidia's generative AI services suite for developers.
Nvidia's acquisition is strategically significant and timely. With real-world data becoming increasingly scarce, tech giants like Microsoft, Meta, OpenAI, and Anthropic have already begun using synthetic data to train their flagship AI models. By acquiring Gretel, Nvidia is poised to further strengthen its technological prowess and service capabilities in the generative AI space, providing developers with a more comprehensive suite of tools and solutions.
Key Highlights:
🚀 Nvidia acquired synthetic data startup Gretel in a nine-figure deal.
👨👩👧👦 Gretel, founded in 2019, focuses on generating synthetic data for AI model training and had previously raised over $67 million in funding.
💡 Gretel's technology will be integrated into Nvidia's generative AI services, helping developers overcome real-world data limitations.
