2024-04-24 19:24:49
NVIDIA has decided to acquire Israeli startup Run:AI for $700 million.
Calcalist reports.
Run:AI is a platform for virtualizing and accelerating artificial intelligence training. American chip giant NVIDIA commented on the acquisition as follows:
“To help customers make better use of their AI compute resources, NVIDIA today acquired Run:AI, a provider of Kubernetes-based workload management and orchestration software.”
The purchase of Run:AI will be Nvidia’s largest acquisition in Israel since its purchase of Mellanox for $6.9 billion in March 2019. About 10% of Nvidia’s more than 30,000 employees work in Israel, and Run:AI employees will join the local research and development center.
Run:AI raised $75 million in a Series C round in March 2022 led by Tiger Global Management and Insight Partners, which also led the previous Series B round. Additional existing investors TLV Partners and S Capital VC also participated in the round, leading to the total funding raised to date of $118 million.
Run:AI was founded in 2018 by Omri Geller, CEO, and Dr. Ronen Dar, CTO. They first met while studying at the Faculty of Electrical Engineering at Tel Aviv University.
Dar previously worked as a researcher at Bell Labs and as an algorithmic engineer at Anobit Technologies and later at Apple after the latter company’s acquisition. Before creating Run:AI, Geller worked in the technology department of the Prime Minister’s Office.
Run:AI has developed a software orchestration and virtualization layer tailored to the unique needs of AI workloads running on GPUs and similar chipsets. Run:AI’s Kubernetes-based container platform for AI cloud computing efficiently aggregates and shares GPUs, automatically distributing the compute power needed—from fractions of GPUs to multiple GPUs and nodes.
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2024-04-24 19:24:49