TECH - Nvidia Bolsters AI Management Capabilities Purchases Israeli Firm Run:ai for Roughly $700M | Benzinga
On Wednesday, Nvidia Corp (NASDAQ:NVDA) announced its acquisition of Run:ai, an Israeli startup specializing in software that simplifies the management of complex AI workloads and computing resources on a single platform.
Reports indicate a valuation between $600 million – $700 million. The acquisition marks Nvidia’s most significant in Israel since its $6.9 billion purchase of Mellanox Technologies Ltd. in 2020, the Times of Israel reports.
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Run: ai’s team will integrate into Nvidia’s expansive operations in Israel, which currently employs around 4,000 people across seven R&D centers, including Mellanox’s headquarters in Yokne’am, and locations in Tel Aviv, Jerusalem, Ra’anana, and Beersheba.
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