Run:Ai Raises $75M For Its Ai Platform
03/15/22, 3:56 PM
Location
tel avivMoney raised
$75 million
Tel Aviv-based Run:ai, a startup that makes it easier for developers and operations teams to manage and optimize their AI infrastructure, today announced that it has raised a $75 million Series C funding round led by Tiger Global Management and Insight partners, which also led the company’s $30 million Series B round in 2021. Previous investors TLV Partners and S Capital VC also participated in this round, which brings Run:ai’s total funding to $118 million.
Company Info
Company
Runai
Location
tel aviv, tel aviv district, israel
Additional Info
Its annual recurring revenue grew 9x in the last year, while its staff more than tripled, the company tells me. “With Run:ai coordinating job scheduling on inference servers, maximal throughput and low latency are maintained while optimizing GPU utilization to nearly 100%.”The company plans to use the new funding to grow its team, but Geller also noted that the company will consider strategic acquisitions to enhance its overall platform.