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 Nvidia’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.
“Run: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,” Omri Geller, Run:ai’s CEO, said in a statement.
“We’re thrilled to join Nvidia and look forward to continuing our journey together.”
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.