Nvidia Invests In AI Network Optimizer Arrcus

Quick Summary:

Investors, including Nvidia Corp.(NASDAQ:NVDA), have invested about $27 million in the networking software startup Arrcus Inc.in the latest round of funding to enhance its platform for managing data traffic more efficiently.

The San Jose-based company, which counts SoftBank Corp (OTC:SFTBY) and Target Corp (NYSE:TGT) among its 50 clients, intends to use the funds to expand globally and enhance its technology.

With the rise of artificial intelligence, the demand for robust networks connecting enterprises, data centers, and users has increased.

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Author / Journalist: Shivani Kumaresan

Category: Technology

Markets: United States

Topics: Top Stories MSFT SG9999006241 Tech US5949181045 Benzinga Briefs US4581401001 General AI NVDA AI Generated AVGO News US67066G1040 Artificial intelligence NVDD US74347R6696 SFTBY INTC TGT US87612E1064 USD

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 18:20:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21676926

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