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Run:AI co-founders Omri Geller and Ronen Dar. Photo: Eliran Rubin

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Nvidia in talks to acquire AI infrastructure platform Run:ai in
massive deal

The Israeli startup, founded in 2018, has developed an orchestration
and virtualization software layer tailored to the unique needs of AI
workloads running on GPUs and similar chipsets. The value of the deal
is estimated at many hundreds of millions of dollars and could even
reach $1 billion

Meir Orbach
18:57, 17.03.24
TAGS:
Nvidia
Run:AI
Acquisition
NVIDIA
Nvidia is in advanced negotiations to acquire AI infrastructure
orchestration and management platform Run:ai, Calcalist has learned.
The value of the deal is estimated at many hundreds of millions of
dollars and could even reach $1 billion. The companies did not
respond to Calcalist's request for comment.
Full list of Israeli startup M&As in 2024
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.
2 View gallery
mgzyn `tsmvt 4.5.22 mymyn rvnn dr v `mry glr myysdy Run:AImgzyn
`tsmvt 4.5.22 mymyn rvnn dr v `mry glr myysdy Run:AI
Run:AI co-founders Omri Geller and Ronen Dar.
(Photo: Eliran Rubin)
Run:ai was founded in 2018 by Omri Geller (CEO) and Dr. Ronen Dar
(CTO). The two met during the course of their studies at Tel Aviv
University's Faculty of Electrical Engineering. Dar used to be a
researcher at Bell Labs and an algorithm engineer at Anobit
Technologies, and later at Apple after it acquired the company. Until
founding Run:ai, Geller worked at the Prime Minister's Office
Technological Unit.
Run:ai has developed an orchestration and virtualization software
layer tailored to the unique needs of AI workloads running on GPUs
and similar chipsets. Run:ai's Kubernetes-based container platform
for AI clouds efficiently pools and shares GPUs by automatically
assigning the necessary amount of computing power - from fractions of
GPUs, to multiple GPUs, to multiple nodes of GPUs.
Related articles:

  * Run:AI raises $75 million Series C for AI orchestration platform
  * 4 Israeli companies recognized as Gartner 2021 Cool Vendors
  * Israel's Run:AI completes a $30 million series B

"We are the leading company in our sector and it is important to us
to establish ourselves as a big company that is building the AI
operating system. We have been selling our product for only a year
and a half and we already have millions of dollars in revenue,"
Geller told Calcalist two years ago.
Should the deal be completed, it would be Nvidia's first acquisition
in Israel since purchasing Mellanox for $6.9 billion in March 2019.
2 View gallery
gnsn hvng mnkl `nqyt h shbbym nbydyhgnsn hvng mnkl `nqyt h shbbym
nbydyh
Jensen Huang.
(Photo: Gil Nehoshtan)
Nvidia, which opens its annual GTC conference on Monday, has surged
to become the world's third-most-valuable company over the past year,
as investors cannot get enough of the semiconductor maker whose chips
power popular artificial intelligence tools such as ChatGPT.
An AI-induced jaw-dropping rally in Nvidia shares has taken the
company's valuation from $1 trillion to more than $2 trillion in just
nine months, overtaking Amazon.com, Google-parent Alphabet, and Saudi
Aramco.
Related articles:

  * "The Artificial Intelligence Woodstock": Will Nvidia live up to
    expectations?
  * The rise and rise of Nvidia
  * How Nvidia became "Taylor Swift for investors"

Nvidia's market capitalization currently hovers around $2.2 trillion.
The relentless rise in shares of Nvidia, which controls 80% of the
high-end AI chip market, has been instrumental in pushing Wall Street
to record levels this year, while giving the company a more than 5%
weightage on the benchmark S&P 500 index.
Reuters contributed to this report
TAGS
Nvidia
Run:AI
Acquisition
NVIDIA
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