Tech Company M&A Transactions
Nervana Systems Acquisition
On 8/10/2016, Nervana Systems was bought by Intel. The companies did not announce any financial terms for the deal.
Transaction Overview
Company Name
Acquired By
Announced On
8/10/2016
Transaction Type
M&A
Amount
Unknown
M&A Terms
The chip giant isn't actually saying how much it is paying, but a source with knowledge of the deal said it is valued at around $408 million.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
6440 Lusk Blvd. D211
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Founded by experts in machine learning, neuroscience, processor architecture, and chip design, Nervana Systems is bringing unprecedented scale and simplicity to the application of brain-inspired algorithms.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Naveen Rao
Chief Technical Officer
Amir Khosrowshahi
Co-Founder
Arjun Bansal
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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