Reported 8 months ago
Nvidia has agreed to acquire Shoreline.io, a software startup founded by a former Amazon Web Services executive. The deal values Shoreline at around $100 million. Shoreline, based in Redwood City, California, specializes in software that detects and resolves issues in computer systems through automation. Nvidia's acquisition strategy aims to expand its capabilities in software and artificial intelligence while reducing dependence on major cloud computing companies like Microsoft and Amazon. Shoreline has received approximately $57 million in funding from investors including Dawn Capital, Insight Partners, and Canvas Ventures.
Source: YAHOO