AI Startup Gretel Acquired by Nvidia
SF-based Startup to become part of the Nvidia's broader strategy around AI
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San Francisco-based Gretel, a synthetic data firm with several San Diego-based employees, has been acquired by technology giant Nvidia in a nine-figure M&A deal.
The acquisition will allow Nvidia to bolster the AI training data used by the chip maker's customers and developers.
Exact deal terms have not been disclosed, but the price exceeded Gretel’s most recent valuation of $320 million, according to sources familiar with the matter.
Founded in 2019, Gretel co-founders include Alex Watson, John Myers, and Ali Golshan.
Unlike human-generated data, Gretel uses synthetic data that is computer-generated and designed to mimic real-world data — allowing users to build AI models more scalable, less labor intensive, and more accessible to smaller developers.
Gretel team of 80 employees will be folded into Nvidia, where its technology will be deployed as part of the chip giant’s growing suite of cloud-based, generative AI services for developers.
Early investors include Anthos Capital, Moonshots Capital, Village Global, Section 32, and Greylock.
Learn more about Gretel’s founding story here. We also featured Gretel as a most promising AI startup two years ago alongside other San Diego-based companies.
Media publication Wired was among the first to break the news.