AI cloud provider Nscale to buy software startup Anyscale

July 30 (Reuters) - Cloud ‌infrastructure provider ​Nscale ​will buy AI software startup Anyscale to help clients better manage and run AI systems ‌efficiently, the companies said on Thursday.

Bloomberg News ⁠first reported the news, saying the deal price is about $1.65 ‌billion, citing a person familiar ‌with the matter. Nscale declined to disclose the financial terms.

Here are some details:

• San Francisco-based Anyscale ​provides software to organize and manage complex AI tasks so they can run smoothly across many ⁠computers simultaneously.

• Nscale said it expects to attract more customers by offering ​Anyscale's software.

• Anyscale will continue to operate under its brand and serve its existing ​customers, the companies said.

• Anyscale's ‌entire team of about 200 people across the United States, Europe and India will ⁠join Nscale as part of the acquisition.

• The deal is expected to close in the second half of this ⁠year, the companies said.

• Founded in 2024, Nscale is known ​as a "neocloud," a vertically integrated AI cloud platform that owns and operates its own data centers, GPUs and software stack ‌to deliver large-scale, GPU-powered AI compute.

• Nscale competes with companies such as CoreWeave and ‌Nebius Group.

• Anyscale generated 70% revenue growth sequentially ⁠in the company's most ‌recent quarter, according ​to a blog post by its co-founders.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja ‌Desai)

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