Semiconductor and data technology producer Intel acquired one of its portfolio companies, Israel-based deep learning technology provider Habana Labs, for $2bn yesterday.
Founded in 2016, Habana develops artificial intelligence processors that enhance the performance of models constructed to train AI systems. It launched its second processor, the scalable Gaudi system, in June this year.
Navin Shenoy, general manager of Intel’s Data Platforms Group, said: “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 centre.”
“More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.”
Habana had raised $120m pre-acquisition, $75m of which was received in a November 2018 series B round led by Intel’s corporate venturing unit, Intel Capital. The round also featured Walden Riverwood Ventures, Bessemer Venture Partners and Battery Ventures.
The company will continue to operate independently, but as a division of Intel. Its chairman, Avigdor Willenz, will retain an adviser position both at Habana and Intel in general.
David Dahan, Habana’s chief executive, said: “We have been fortunate to get to know and collaborate with Intel given its investment in Habana, and we are thrilled to be officially joining the team.
“Intel has created a world-class AI team and capability. We are excited to partner with Intel to accelerate and scale our business. Together, we will deliver our customers more AI innovation, faster.”
