Nvidia reportedly acquires incident automation startup Shoreline for $100 million

Nvidia Corp. has reportedly agreed to acquire incident automation startup Shoreline Inc., although neither company has yet confirmed the deal.

Details of the unconfirmed deal were disclosed by Bloomberg on Tuesday, citing people familiar with the matter. It was reported that a deal was recently finalized that values ​​Shoreline at around $100 million.

Founded in 2019, Shoreline provides intelligent automation solutions focused on improving the reliability and efficiency of cloud-based services. The company’s software allows users to connect their observation tools and then execute runbooks and self-healing infrastructures to pinpoint problems in enterprise networks.

The runbooks used by the Shoreline platform automate production identification, troubleshooting, and repair to resolve common issues, reducing mean time to detection and mean time to repair. Shoreline supports multiple cloud providers, including Amazon Web Services Inc., Microsoft Azure, and Google Cloud, and can port scripts between platforms for seamless integration and management across different cloud environments.

Shoreline’s platform helps development teams reduce manual debugging and remediation, giving them more time to focus on important issues. The platform also identifies underutilized resources and safely performs remediation actions to reduce infrastructure costs.

Prior to being acquired by Nvidia, Shoreline raised $57 million in venture capital in three rounds, including a $35 million round in March 2022, according to Tracxn. The company’s investors include Insight Venture Partners LLC, NTT Venture Capital and Dawn Capital LLP.

The news that Nvidia has reportedly acquired Shoreline comes after the artificial intelligence chipmaker overtook Microsoft Corp. to become the world’s most valuable company on June 18. Trading on major U.S. stock exchanges was closed today for the Juneteenth holiday, so whether Nvidia can maintain its position ahead of Microsoft remains to be seen.

Shoreline would be Nvidia’s third acquisition this calendar year. Nvidia acquired Israeli AI startup Deci.AI Ltd. for $300 million in May and another Israeli company, Runai Labs Ltd., for a reported $700 million in April.

Anurag Gupta (pictured), Founder and CEO of Shoreline, spoke to theCUBE, SiliconANGLE Media Inc.’s livestream studio, in December 2022, when he discussed the DevOps revolution and his company’s solutions:

Photo: SiliconANGLE