Mohamed Siddeek, corporate VP and head of NVentures, is one of the 100 leading corporate venturing professionals in our 2025 Powerlist.

Few companies have been so totemic of the AI investment boom as graphics chipmaker Nvidia. Its corporate VC unit, NVentures, has been on a similar hunt for the next big AI companies.

It has not been shy about deploying capital either, clocking in as one of the most prolific CVC investors of 2024.

As AI has proliferated across virtually every sector, NVenture’s mandate has also expanded with it.

“We have spent a bit of time in healthcare and made some investments in manufacturing,” Mohamed Siddeek told GCV last year. “Hopefully, there will be more to come down the road. And then, financial services would be interesting, we have not really done anything out there. There are others out there, obviously, but the thesis is that AI will touch every industry, so by default there are going to be interesting opportunities in every segment, every vertical. But we are approaching it one at a time.”

The thesis is that AI will touch every industry

The unit’s portfolio includes companies such as surgical robotics startup Moon Surgical, machine-learning powered generative biology company Generate Biomedicines,
AI-generated video technology company Synthesia, data startup Unstructured, and spatial intelligence AI company World Labs.

Siddeek first joined Nvidia in the early 2000s when he served as investor relations manager and returned in 2021 after spending two years as an investor at SoftBank’s Vision Fund. Before that, he spent the better part of a decade at Mubadala, heading up investment of its technology and telecoms unit.

In addition to the market potential of startups, NVentures also evaluates the startup’s team, as well as the technology when assessing investments.

“We look at the strength of the team, the pedigree, the experience level and how deep the bench is,” he says. “Also, personal characteristics – humility is something we look for and the team is very important for us. The second piece is the technology platform. How robust is it, not just today, but how enduring will it be over the next five or 10 years? Given we are a technology company, we spend a lot of time kicking the tyres on that.”