AI cloud provider Nscale to buy software startup Anyscale

Nscale, a vertically integrated AI cloud platform, announced Thursday it will acquire AI software startup Anyscale. The deal, reportedly valued at $1.65 billion according to Bloomberg News, aims to enhance Nscale's ability to help clients manage and efficiently run AI systems.

Anyscale, based in San Francisco, develops software that organizes and manages complex AI tasks, enabling them to run smoothly across multiple computers simultaneously. Nscale anticipates that integrating Anyscale's technology will attract more customers to its platform.

Following the acquisition, Anyscale will maintain its brand identity and continue serving its existing client base. All approximately 200 Anyscale employees across the United States, Europe, and India will become part of Nscale. The transaction is expected to be finalized in the latter half of this year.

Founded in 2024, Nscale operates its own data centers, GPUs, and software stack to provide large-scale AI compute. The company competes in a growing market with players like CoreWeave and Nebius Group. Anyscale reported a 70% sequential revenue growth in its most recent quarter, highlighting its strong performance.

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Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently.