THE Nvidia Corp. agreed to acquired the Israeli startup Run:aiwhich develops software for manipulating computing resources artificial intelligence.
Run:ai has been a close partner of Nvidia since 2020, the chipmaker said, as reported by Bloomberg. He did not disclose the terms of the deal, but Israeli newspaper Calcalist pegged the value of the transaction at 700 million dollars.
Nvidia employs more than 20,000 employees worldwide and about 3,200 workers in Israel, according to Calcalist. Israel is Nvidia’s second most important market, according to the newspaper.
Run:ai was founded in 2018 by Omri Geller and Ronen Dar. Nvidia’s last major deal in Israel was the acquisition of Mellanox Technologies Ltd. in 2020, amounting to 7 billion dollars.
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