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

The details of the unconfirmed deal came from Bloomberg Tuesday, referencing people familiar with the matter. It reported a deal was struck recently and valued Shoreline at around $100 million.

Founded in 2019, Shoreline provides intelligence automation solutions that are focused on improving the reliability and efficiency of cloud-based services. The company’s software allows users to connect their observability tools and then execute runbooks and self-healing infrastructure to pinpoint issues in corporate networks.

The runbooks used by Shoreline’s platform automate the identification, debugging and repair of production to address common issues, reducing the mean time to detect 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 platform for seamless integration and management across different cloud environments.

Shoreline’s platform helps engineering teams reduce manual debugging and remediation, allowing them to spend more time focusing on high-value problems. The platform also identifies underutilized resources and executes safe cleanup actions to lower infrastructure costs.

Coming into its reported acquisition by Nvidia, Shoreline has raised $57 million in venture capital funding across three rounds, according to Tracxn, including a round of $35 million in March 2022. Investors in the company 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 surpassed Microsoft Corp. June 18 to become the world’s most valuable company. Trading on major exchanges in the U.S. was closed today for the Juneteenth public holiday, so whether Nvidia will 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. in May for $300 million and another Israeli company, Runai Labs Ltd., for a reported $700 million in April.

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

Photo: SiliconANGLE