Nvidia Corp. is reportedly in the process of acquiring Shoreline Inc., an incident automation startup, for around $100 million. Shoreline, founded in 2019, offers intelligence automation solutions for cloud-based services to improve reliability and efficiency. The company’s software allows users to connect observability tools and utilize runbooks for automated production identification, debugging, and remediation of common issues in corporate networks. Shoreline supports multiple cloud providers and helps engineering teams reduce manual debugging, identify underutilized resources, and execute safe cleanup actions to reduce infrastructure costs.
Prior to the reported acquisition by Nvidia, Shoreline has raised $57 million in venture capital funding over three rounds. Nvidia’s potential acquisition of Shoreline comes after the company recently surpassed Microsoft Corp. to become the most valuable company in the world. Shoreline would be Nvidia’s third acquisition this year, following the acquisitions of Israeli AI startups Deci.AI Ltd. and Runai Labs Ltd.
Anurag Gupta, Founder and CEO of Shoreline, discussed the DevOps revolution and his company’s solutions in an interview with theCUBE in December 2022. TheCUBE is a live streaming studio that provides in-depth content on industry events and features interviews with key figures in the tech industry. Joining the community of over 15,000 #CubeAlumni experts gives access to exclusive content featuring industry leaders like Amazon.com CEO Andy Jassy, Dell Technologies Founder and CEO Michael Dell, and Intel CEO Pat Gelsinger.
Overall, the acquisition of Shoreline by Nvidia represents a strategic move to expand Nvidia’s capabilities in the cloud-based services market. Nvidia’s recent acquisitions and increasing market value demonstrate the company’s commitment to innovation and growth in the tech industry.
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https://siliconangle.com/2024/06/19/nvidia-reportedly-acquires-incident-automation-startup-shoreline-100m/