NVIDIA (NVDA) announced Wednesday that it has agreed on a deal to acquire Run:ai, a Kubernetes-based workload management and orchestration software provider.

While the finances of the deal were not provided by Nvidia (NASDAQ:NVDA) in its blog post, earlier reports stated the deal is worth around $700 million.

Run:ai enables enterprise customers to manage and optimize their compute infrastructure, on premises, in the cloud or in hybrid environments.

Run:ai customers include big names such as BNY Mellon, Sony, and Mobileye, which use the Run:ai platform to manage data-center-scale GPU clusters.

"Run:ai has been a close collaborator with NVIDIA since 2020, and we share a passion for helping our customers make the most of their infrastructure," said Omri Geller, Run:ai cofounder and CEO. "We're thrilled to join NVIDIA and look forward to continuing our journey together."

NVIDIA said it will continue to offer Run: ai's products under the same business model for the immediate future while it will continue to invest in the Run:ai product roadmap as part of NVIDIA DGX Cloud.

Furthermore, NVIDIA DGX and DGX Cloud customers will gain access to Run: ai's capabilities for their AI workloads, particularly for large language model deployments.