US AI chip giant Nvidia Corp. today announced it has entered into a definitive agreement to acquire Israeli AI infrastructure orchestration and management company Run:ai. Nvidia said that the acquisition will enable its customers to make more efficient use of their AI computing resources.
No financial details about the deal were disclosed but sources estimate that Nvidia is paying between $680-720 million for Run:Ai. To date, Run:ai has raised $118 million and in its most recent financing round in March 2022, it raised $75 million at a company valuation of $388 million,…
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News Source: en.globes.co.il