The Israeli business, founded in 2018, has created a software layer for management and automation specifically designed to meet the demands for artificial intelligence operations functioning on GPUs and related chipsets. The deal’s estimated value is several hundred million dollars worth $1 billion.
Calcalists have heard that Nvidia is seriously discussing purchasing Run:ai, an artificial intelligence system orchestrating and administration platform.
The deal’s estimated value is in several hundreds of thousands of dollars and might even be worth $1 billion. The vocalist contacted the corporations for comments, but they did not answer.
Tiger Global Management and Insight Partners, which headed the previous Series B financing, conducted Run:ai’s $75 million Series C round in March 2022. With the addition of TLV Partners and S Capital VC to the round, the total amount of investment raised to date has reached $118 million.
In 2018, Dr. Ronen Dar, the chief technological officer, and Omri Geller, the company’s chief executive officer, established Run:ai. The two got to know one another while they were students at the Department of Electrical Engineering at Tel Aviv University. Before joining Apple following the company’s acquisition, Dar worked as an algorithm developer at Anobit Technologies and an analyst at Bell Labs. Geller served in the Prime Minister’s Secretariat Technological Department before starting Run:ai.
With the specific requirements for artificial intelligence applications operating on GPUs and related chipsets in mind, Run:ai has created an orchestration and virtualization application layer. The Kubernetes-based box architecture in artificial intelligence clouds from Run:ai combines and shares GPUs effectively by allocating the required processing power, ranging from a few GPUs to several GPUs or several GPU nodes.
Since we are the industry leader, it is critical to us that people recognize us as a significant player in the development of the artificial intelligence operating system. Geller told Calcalist, We have been successfully offering the goods we manufacture for a year and a half. Yet, we generated hundreds of millions of dollars in revenue two years ago.”
If the agreement goes through, it will be Nvidia’s first purchase in Israel since it paid $6.9 billion to acquire Mellanox in March 2019.
The world’s third-most valuable firm, Nvidia, will launch its annual GTC conference on Monday. Over the past year, investors have become fascinated with the semiconductor maker, whose processors drive renowned artificial intelligence applications like ChatGPT.
In nine months, Nvidia’s valuation has risen over a million dollars to over two billion dollars thanks to an AI-driven, mind-blowing spike in the company’s shares, exceeding that of Saudi Aramco, Amazon.com, and Google parent Alphabet.
Currently, Nvidia’s market value is estimated to be $2.2 trillion. Despite having more than 5% of the significance on the standard S&P 500 index, Nvidia’s shares, which account for 80% of the market for high-end AI chips, have continued to grow, helping to drive Wall Street to new thrills this year.
