Nvidia agrees to acquire Israeli AI software provider Run:ai
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NVIDIA has agreed to acquire Israeli startup Run:ai, which develops software for handling artificial intelligence computing resources.
Run:ai has been a close collaborator with Nvidia since 2020, the Santa Clara, California-based chipmaker said in a statement on Wednesday (Apr 24). It did not disclose the terms of the deal but Israeli newspaper Calcalist pegged the value of the transaction at US$700 million.
Nvidia employs more than 20,000 workers worldwide and about 3,200 workers in Israel, according to Calcalist. Israel is Nvidia’s second-most important market, according to the paper, and it has done several other deals in the country.
Run:ai was founded in 2018 by Omri Geller and Ronen Dar. Nvidia’s last major deal in Israel was the US$7 billion acquisition of Mellanox Technologies in 2020. BLOOMBERG
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