Run:ai, co-founded by Omri Geller, Ronen Dar, and Meir Feder, has developed a platform that can fragment AI models to run in parallel across hardware, whether on-premises, in public clouds, or at the edge. The company has a large customer base of Fortune 500 companies and has raised $118 million in capital from backers including Insight Partners, Tiger Global, S Capital, and TLV Partners. This acquisition is one of Nvidia's largest since its purchase of Mellanox for $6.9 billion in March 2019.
Key takeaways:
- Nvidia is acquiring Tel Aviv-based company Run:ai, which specializes in managing and optimizing AI hardware infrastructure, for an undisclosed sum, though a source suggests it could be around $700 million.
- Run:ai's products will continue to be offered under the same business model and will be integrated into Nvidia's DGX Cloud AI platform, providing enterprise customers with access to compute infrastructure and software for AI training.
- Run:ai's platform allows AI models to run in parallel across different hardware, attracting a large customer base of Fortune 500 companies and $118 million in capital from various investors prior to the acquisition.
- This acquisition is one of Nvidia's biggest since its purchase of Mellanox for $6.9 billion in March 2019.