AI Startup Imbue Tops $1 Billion Valuation With Nvidia Funding

Imbue, a startup building large language models to power artificial intelligence tools, has raised $200 million from investors including Nvidia Corp. at a valuation of more than $1 billion.

Astera Institute, a nonprofit founded by cryptocurrency billionaire Jed McCaleb, led the funding round, with participation from others including Kyle Vogt, the chief executive officer of General Motors Co.’s self-driving unit Cruise, the company said Thursday. The amount is 10 times what the startup has already raised, it said.

Imbue is one of a growing number of AI startups raising large rounds this year in a reflection of both the frenzy around the technology and the high ...