Monday, July 22, 2024
HomeStartup NewsNvidia's $700 million Run:ai Acquisition Blocked by Protracted Regulator

Nvidia’s $700 million Run:ai Acquisition Blocked by Protracted Regulator

Nvidia's purchase of Run:ai is running late. Calcalist has learnt that administrative adjustments by the American regulator have delayed the deal's examination, which may delay its conclusion. After much delay, the deal is expected to be completed.

Nvidia’s purchase of Run:ai is running late. Calcalist has learnt that administrative adjustments by the American regulator have delayed the deal’s examination, which may delay its conclusion. After much delay, the deal is expected to be completed.

In April, Nvidia announced its acquisition of AI infrastructure orchestration and management platform. It is anticipated that the deal is worth $700 million.

“Run:ai has been a close collaborator with NVIDIA since 2020 and we share a passion for helping our customers make the most of their infrastructure,” said at the time Omri Geller, Run:ai co-founder and CEO. “We’re thrilled to join NVIDIA and look forward to continuing our journey together.”

It is Nvidia’s biggest Israeli acquisition since March 2019’s $6.9 billion Mellanox acquisition. The 2016-founded Nvidia Israel R&D center has grown by 100% to 4,000 personnel since the acquisition. Nvidia also announced it was buying Israeli AI company Deci for $300 million shortly after Run:ai.

Read also- India-Based Purplle Raises $120 Million In funding

Insight Partners and Tiger Global Management, who had previously led the Series B investment. 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.

Read also- India-Based Arya.ag To Secures $29 Million In Pre Series D Round Funding

The Kubernetes-based container platform for AI clouds from Run:ai pools and shares GPUs effectively by allocating the required amount of processing power, which can range from a few GPUs to many GPUs or several GPU nodes.

About Nvidia

NVIDIA pioneered accelerated computing. In 1999, the business invented the GPU, which revolutionized computer graphics, AI, and the metaverse. NVIDIA is a full-stack computing firm with industry-changing data-center technologies.

About Run:ai

Run:ai virtualizes expensive hardware resources to pool, share, and efficiently manage resources to help enterprises execute AI initiatives swiftly and within budget.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular