Run:ai, co-founded by Omri Geller and Ronen Dar, has a large customer base of Fortune 500 companies and had raised $118 million in capital prior to the acquisition. The company's platform allows AI models to run in parallel across different hardware. Nvidia's VP of DGX Cloud, Alexis Bjorlin, stated that the acquisition will help meet the growing demand among companies for more efficient use of their AI computing sources. This is one of Nvidia's largest acquisitions since its purchase of Mellanox for $6.9 billion in 2019.
Key takeaways:
- Nvidia is acquiring Tel Aviv-based company Run:ai, which specializes in managing and optimizing AI hardware infrastructure, for a reported $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.
- Run:ai, co-founded by Omri Geller and Ronen Dar, has a large customer base of Fortune 500 companies and had raised $118 million in capital prior to the acquisition.
- This acquisition is one of Nvidia's biggest since its purchase of Mellanox for $6.9 billion in March 2019.