Nvidia Agrees to Buy Software Provider Run:AI

Dow Jones04-25

Nvidia on Wednesday said it has agreed to acquire Run:ai, a Tel Aviv-based provider of artificial intelligence computing workload management software.

Run:ai's website says its software is built for improving the efficiency of workloads running on graphics processing units, or GPUs. The company ssserts that its software allows for ten times more workloads running on the same infrastructure.

Terms of the deal were not disclosed.

According to Crunchbase, Run:AI has raised $118 million in venture capital from TLV Partners, Insight Partners, S Capital, and Tiger Global Management.

"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," Omri Geller, Run:ai co-founder and CEO, said in a statement.

Nvidia said its customers "can expect to benefit from better GPU utilization, improved management of GPU infrastructure and greater flexibility."

Nvidia's stock was down 3.33% to $796.77 on Thursday.

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