Nvidia on verge of completing $700 million acquisition of Run:ai
The Israeli startup, founded in 2018, has developed an orchestration and virtualization software layer tailored to the unique needs of AI workloads running on GPUs and similar chipsets.
UPDATE: Nvidia announces $700 million acquisition of Run:ai
Nvidia is set to acquire AI infrastructure orchestration and management platform Run:ai for around $700 million in the coming days, Calcalist has learned.
Calcalist first revealed the negotiations between the companies last month. The companies did not respond to Calcalist's request for comment.
The purchase of Run:ai is set to be Nvidia’s biggest acquisition in Israel since purchasing Mellanox for $6.9 billion in March 2019.
Nvidia employs around 10% of its over 30,000 employees in Israel and Run:ai's staff will join the local R&D center.
Run:ai raised $75 million in a Series C round in March 2022 led by Tiger Global Management and Insight Partners, who also led the previous Series B round. The round included the participation of additional existing investors, TLV Partners, and S Capital VC, bringing the total funding raised to date to $118 million.
Run:ai was founded in 2018 by Omri Geller (CEO) and Dr. Ronen Dar (CTO). The two met during their studies at Tel Aviv University’s Faculty of Electrical Engineering. Dar used to be a researcher at Bell Labs and an algorithm engineer at Anobit Technologies, and later at Apple after it acquired the company. Until founding Run:ai, Geller worked at the Prime Minister’s Office Technological Unit.
Run:ai has developed an orchestration and virtualization software layer tailored to the unique needs of AI workloads running on GPUs and similar chipsets. Run:ai’s Kubernetes-based container platform for AI clouds efficiently pools and shares GPUs by automatically assigning the necessary amount of computing power – from fractions of GPUs, to multiple GPUs, to multiple nodes of GPUs.
