Computing and electronics conglomerate Apple is in talks to acquire Israel-based flash storage company Anobit Technologies, which is backed by Intel, according to news provider Calcalist, for between $400m and $500m.
Finance website Crunchbase puts Anobit’s funding at $72m since its founding in 2006. Corporate venturing unit Intel Capital led the most recent funding round, which raised $32m in November 2010.
Venture capital (VC) firm Battery Ventures and VC fund Pitango Venture Capital are also investors in Anobit, which produces flash chips for use in memory storage in the enterprise and mobile markets.
Calcalist has additionally reported that Anobit may not be the only Israel-based tech company to be bought by Apple. Apple vice president Edward Frank is heading up a delegation from the company in a visit to Israel that involves meetings with several local technology firms.