Nvidia, a dominant force in the tech sector, is in advanced negotiations to acquire Run:ai, an AI infrastructure management platform. The deal’s value could reach an enormous $1 billion.
Established in 2018 by CEO Omri Geller and CTO Dr. Ronen Dar, Run:ai concentrates on enhancing AI operations leveraging GPUs and similar devices. They have developed a software layer geared towards orchestrating and virtualizing workloads, aiming to optimize GPU integration and allocation.
Prior to founding Run:ai, Geller, and Dar had roles at Tel Aviv University’s Faculty of Electrical Engineering and significant experience in the tech industry. Geller was part of the Prime Minister’s Office Technological Unit, while Dr. Dar was a Bell Labs researcher and an algorithm engineer at Anobit Technologies.
In March 2022, Run:ai garnered substantial investment in a Series C funding round led by Tiger Global Management and Insight Partners, elevating the company’s total funding to $118 million.
This will be Nvidia’s first acquisition in Israel
Should the deal come to fruition, it would mark Nvidia’s first acquisition in Israel since it bought Mellanox for $6.9 billion in March 2019. This indicates Nvidia’s continued commitment to investing in Israel’s tech prowess and underscores the country’s growing significance in the global tech ecosystem.
Nvidia, holding an 80% share of the premium AI chip market segment, has seen its value double to over $2 trillion in less than a year, outpacing heavyweights such as Amazon.com, Alphabet, and Saudi Aramco. This growth showcases Nvidia’s innovation in consistently producing cutting-edge chips and its ability to attract substantial investments from various investors.
Despite fierce competition, Nvidia has maintained a lead in the market through its solid technological capability and strategic decisions. This underlines Nvidia’s unparalleled market dominance and its standing as a global leader in the AI chip market.
Nvidia’s journey serves as a testament to its strategic vision and innovation and as an inspiration for businesses aspiring to leave a mark in the fast-paced tech world. With a market capitalization of $2.2 trillion, Nvidia’s accomplishments highlight the growing influence of AI in the global tech scene.
