If the acquisition goes through, it would be Nvidia's first in Israel since it bought Mellanox for $6.9 billion in 2019. Nvidia, a leading player in the AI chip market, has seen its valuation surge from $1 trillion to over $2 trillion in just nine months, surpassing Amazon, Google-parent Alphabet, and Saudi Aramco. The company's market capitalization currently stands at around $2.2 trillion.
Key takeaways:
- Nvidia is in advanced negotiations to acquire AI infrastructure orchestration and management platform Run:ai, with the deal potentially reaching up to $1 billion.
- Run:ai, founded in 2018, has developed an orchestration and virtualization software layer tailored for AI workloads running on GPUs and similar chipsets.
- Run:ai raised $75 million in a Series C round in March 2022, bringing the total funding raised to date to $118 million.
- If the deal is completed, it would be Nvidia’s first acquisition in Israel since purchasing Mellanox for $6.9 billion in March 2019.