Run:AI Acquisition, Valuation, Funding & Investors

Run:AI was acquired by NVIDIA for $700M in April 2024, a 23.3x multiple on $30M of revenue.

Run:AI acquisition price

$700M

Acquired by NVIDIA · Apr 2024

Run:AI revenue at acquisition

$30M

Last twelve months · Apr 2024

Run:AI revenue multiple at acquisition

23.3x

EV/Revenue · Apr 2024

Cumulative funding Run:AI raised

$118M

across 4 funding rounds

Run:AI Overview

About Run:AI

Run:ai is a Tel Aviv-headquartered enterprise platform for AI infrastructure orchestration that dynamically allocates GPUs and CPUs across Kubernetes clusters. It enables workload scheduling, resource pooling, and monitoring for machine learning pipelines used by organizations in research and production. Founded in 2018 and acquired by Nvidia in 2024, Run:ai powers AI development at companies like Intel and Samsung.


Founded

2018

HQ

IsraelTel Aviv

Website

run.ai

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$30M (Apr 2024)

Valuation

$700M (acquired Apr 2024)

Run:AI Acquisition

Run:AI was acquired by NVIDIA for $700M on 24 April 2024.

The acquisition price implies a 23.3x revenue multiple on $30M of revenue.

Before the acquisition Run:AI had raised $118M across 4 funding rounds.

Run:AI acquisition details
AcquirerDateTypePriceEV/Revenue
24 Apr 2024Strategic M&A$700M23.3x

Run:AI Funding History

Run:AI has raised a total of $118M across 4 funding rounds.

Run:AI's first fundraising round was a $3M seed round in April 2019. The most recent completed round was a $75M Series C in March 2022.

Run:AI funding rounds

Run:AI funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2022Series CInsight Partners (lead); Tiger Global (lead); S Capital; TLV Partners$75MRun:ai, a Tel Aviv-based company, develops the Atlas platform for AI infrastructure orchestration and management, virtualizing GPU resources to enable efficient pooling, sharing, and allocation across on-premises, cloud, and edge environments. The platform supports all stages of AI development from model training to production inference, serving Fortune 500 companies, AI startups in finance, automotive, healthcare, and gaming, and academic research centers. It raised $75 million in a Series C round on March 15, 2022, led by Tiger Global Management and Insight Partners, with participation from existing investors TLV Partners and S Capital VC, bringing total funding to $118 million. The company reported sharp growth leading into the round, including a 9x increase in annual recurring revenue (ARR) over the prior year and a tripling of staff, attributed to enterprise demand for scaling AI initiatives and building a global partner network. CEO Omri Geller noted challenges in managing AI infrastructure at scale, with the platform optimizing GPU utilization to nearly 100% for inference workloads requiring high throughput and low latency. Funds will expand global teams and support strategic acquisitions to enhance the Atlas platform. Investors highlighted Run:ai's value in accelerating AI hardware like GPUs through virtualization and orchestration, amid surging global AI spending projected at $433 billion in 2022.
Jan 2021Series BInsight Partners (lead); S Capital; Tiger Global; TLV Partners$30MRun:AI, founded in 2019 and based in Tel Aviv, Israel, develops orchestration and virtualization software for AI workloads on GPUs, enabling efficient sharing and pooling of compute resources across fractions of GPUs to multiple nodes. The platform, Kubernetes-based, supports AI clouds for training and inference, increasing GPU utilization from 25% to 75% on average for customers in automotive, finance, defense, manufacturing, and healthcare. On January 26, 2021, Run:AI raised $30M in a Series B round led by Insight Partners, with participation from TLV Partners and S Capital, bringing total funding to $43M. The funds were allocated to rapid expansion, recruitment, tripling the development team, and growing sales and marketing. Lonne Jaffe from Insight Partners joined the board. In a later March 2022 Series C round of $75M led by Tiger Global and Insight Partners, Run:AI reported a 9x increase in Annual Recurring Revenue over the prior year and more than tripled staff, with total funding reaching $118M. The company was acquired in April 2024.
Apr 2019Series AS Capital (lead); TLV Partners (lead)$10MRun:AI, an Israeli startup founded in 2018, emerged from stealth in April 2019 with $13 million in total funding, comprising a $3 million seed round from TLV Partners and a $10 million Series A round led by S Capital and TLV Partners. The company develops a virtualization and acceleration platform for deep learning, bridging data science and computing infrastructure to speed up neural network model training. By the time of the Series A announcement, Run:AI had signed several early international customers and established a U.S. office. Run:AI's platform optimizes deep learning workloads across multiple machines, determining efficient resource allocation based on network bandwidth, compute resources, cost, configurations, data pipeline, and size. Subsequent funding included a $30 million Series B in January 2021 led by Insight Partners with participation from TLV Partners and S Capital, bringing total financing to $43 million at that point. The company later raised $75 million in a Series C in March 2022 led by Tiger Global Management and Insight Partners, with total funding reaching $118 million before its acquisition by Nvidia in April 2024.
Apr 2019SeedTLV Partners (lead)$3MRun:AI, founded in 2018 by Omri Geller, Dr. Ronen Dar, and Prof. Meir Feder, is an Israeli AI infrastructure company that provides orchestration and virtualization software for GPU-based artificial intelligence workloads. The platform brings OS-level virtualization to GPU computing, enabling dynamic resource allocation and efficient compute utilization across AI training and inference applications. In April 2019, Run:AI exited stealth mode with $13 million in total funding: a $3 million seed round from TLV Partners followed by a $10 million Series A round co-led by S Capital and TLV Partners. The company had already signed several early customers across automotive, finance, defense, manufacturing, and healthcare sectors before the public announcement. Early customers reported GPU utilization improvements from 25% to 75% on average and significant experiment acceleration gains. Run:AI went on to raise an additional $75 million in a Series C round in March 2022 led by Tiger Global Management and Insight Partners, bringing total venture funding to $118 million before its acquisition by Nvidia in April 2024 for an estimated $700 million.

Who has invested in Run:AI?

4 investors have backed Run:AI across its funding rounds, including TLV Partners, S Capital, Tiger Global and Insight Partners.

Lead investors include Insight Partners, Tiger Global, S Capital and TLV Partners.


Run:AI Investors

Investors in Run:AI by funding rounds participated
InvestorHQRoundsRoleFirst check
TLV PartnersIsraelTel Aviv4LeadApr 2019
S CapitalIsraelTel Aviv3LeadApr 2019

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Run:AI Competitors

Run:AI competitors include listed companies like TRS Information Technology and Airship AI, and private ones like Exodigo, Pinecone, Pliops and Reducto.

Public and private companies comparable to Run:AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ExodigoIsraelTel AvivPrivate$25M-$700M28.0x
PineconeUnited StatesUnited StatesPrivate--$750M-
PliopsIsraelIsraelPrivate--$650M-
ReductoUnited StatesSan Francisco, CAPrivate--$605M-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
Airship AIUnited StatesUnited StatesPublicly listed$15M($5M)$67M3.6x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Reconova Technologies$66M($8M)10.0x-(82.0x)-
PKSHA Technology$140M$47M4.1x2.4x12.2x10.7x
e-Hualu$69M($310M)24.1x-(5.4x)-
ExaWizards$77M$13M6.6x5.7x39.3x-
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Beijing Hanyi Innovation$28M$5M15.6x13.9x89.9x50.9x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x

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Common questions about Run:AI

When was Run:AI founded?Run:AI was founded in 2018.
Where is Run:AI headquartered?Run:AI is headquartered in Tel Aviv, Israel.
Is Run:AI publicly listed?No, Run:AI was acquired by NVIDIA in April 2024.
Who acquired Run:AI?Run:AI was acquired by NVIDIA in April 2024.
How much was Run:AI acquired for?Run:AI was acquired for $700M in April 2024, a 23.3x revenue multiple.
How much funding has Run:AI raised?Run:AI has raised $118M across 4 funding rounds.
What was Run:AI's last funding round?Run:AI's last funding round was a $75M Series C in March 2022, led by Insight Partners and Tiger Global.
Who are Run:AI's investors?Run:AI's investors include TLV Partners, S Capital, Tiger Global and Insight Partners.
Which companies are comparable to Run:AI?Companies comparable to Run:AI include Exodigo, Pinecone, Pliops, Reducto, TRS Information Technology and Airship AI.

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