NVIDIA has acquired Kumo AI, a developer of foundation models focused on relational data and enterprise applications, in a deal reportedly valued at $400 million via Barchart.
The acquisition brings Kumo AI’s founding team, including CEO Vanja Josifovski, Head of Engineering Hema Raghavan, and Chief Scientist Jure Leskovec, to NVIDIA as the chipmaker continues expanding its AI software and enterprise capabilities.
Kumo AI specializes in models designed for financial services and other enterprise applications. Its flagship technology, KumoRFM, is a foundation model built specifically for relational data, enabling organizations to generate predictions such as fraud detection, customer churn analysis, and product recommendations without manually training separate models. The company’s latest model, KumoRFM-2, introduced a Relational Graph Transformer architecture that delivers high-speed data processing and improved accuracy while eliminating the need for feature engineering and training. The acquisition could enable NVIDIA to incorporate Kumo’s technology into its AI Foundry platform and expand the portfolio of AI models optimized for NVIDIA hardware.
The transaction reflects NVIDIA’s broader push beyond graphics processors into AI infrastructure, inference, and agentic AI. As enterprises increasingly seek specialized AI capabilities, Kumo’s expertise in financial models and relational data processing could help NVIDIA address growing demand for industry-specific AI applications. The deal follows a series of acquisitions aimed at strengthening NVIDIA’s position across the AI ecosystem.
