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Nvidia set to acquire Run:ai for $700m

The acquisition will help customers make more efficient use of their AI computing resources

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Nvidia is acquiring an Israeli-based Run:ai for $700 million for developers and operations teams to manage and optimise their AI hardware infrastructure.

The companies are in advanced talks and could see Nvidia pay upwards of $1 billion for Run:ai.

Run:ai is among Nvidiaโ€™s biggest acquisitions since its purchase  of Mellanox for $6.9 billion in March 2019.

The Israeli startup offers workload management and orchestration software, working off a platform on the Kubernetes open-source system.

โ€œRun:ai has been a close collaborator with Nvidia since 2020 and we share a passion for helping our customers make the most of their infrastructure,โ€ Omri Geller, Run:aiโ€™s CEO, said in a statement.

โ€œWeโ€™re thrilled to join Nvidia and look forward to continuing our journey together.โ€

Forging ahead

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.

Nvidia added that the acquisition will help its customers make more efficient use of their AI computing resources.

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