Tech Company M&A Transactions
Habana Labs Acquisition
Habana Labs was acquired by Intel. The transaction was announced on 12/16/2019. Financial terms set the valuation at $2 billion.
Transaction Overview
Company Name
Acquired By
Announced On
12/16/2019
Transaction Type
M&A
Amount
$2,000,000,000
M&A Terms
Intel Corporation today announced that it has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need -- from the intelligent edge to the data center.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
748 Story Rd.
San Jose, CA 95112
USA
San Jose, CA 95112
USA
Phone
Undisclosed
Website
Email Address
Overview
Habana Labs was founded in 2016 to unlock the true potential of AI by providing an order of magnitude improvements in processing performance, cost and power consumption. The company set out to develop AI processors from the ground up, optimized for the specific needs of training deep neural networks and for inference deployment in production environments.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Dahan
Chief Financial Officer
Avi Shadmi
Chief Technical Officer
Shlomo Raikin
VP - Bus. Development
Eitan Medina
VP - R & D
Ran Halutz
Browse more venture capital transactions:
Prev: 12/13/2019: Aspen Neuroscience venture capital transaction
Next: 12/16/2019: Licious venture capital transaction
Share this article
About Our VC Transactions Data
We report on every notable VC transaction. VC transactions reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs