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Intel acquires Nervana Systems

Intel acquired Nervana Systems for an estimated USD 408 million to gain specialized AI chip expertise and a deep learning software platform. Intel shut down the Nervana product line in January 2020 in favor of Habana Labs.

other · Concluded · operating

Track Intel acquires Nervana Systems

Machine-readable surfaces

e7215ee9-fd44-4156-a9a1-8f5ced88475a
Type
other
Status
Concludedoperating
Announced
2016-08-09
10.1 years ago
Start
2016-08-09
10.1 years ago
Active for
10.1 years

Who’s involved

Intel Corporationinvestor partner

Intel Corporation (NASDAQ: INTC) is a semiconductor and technology company developing AI chips, autonomous driving technology via Mobileye, and manufacturing infrastructure. Owns 80% of Mobileye (ADAS/AV leader, 250M+ chips shipped). Also expanding into humanoid robotics via [Mentee robotics](/companies/mentee-robotics) acquisition ($900M). Founded 1968, headquartered in Santa Clara, CA.

HQSanta Clara, California, USAintel.com10 partnerships

Most-frequent partners

Nervana Systemsother

Nervana Systems was an artificial intelligence infrastructure company founded in 2014 and based in San Diego and Palo Alto, California. The company developed a full-stack deep learning platform called Nervana Cloud and was designing a custom ASIC known as the Nervana Engine for accelerated deep learning workloads. [Intel](/companies/intel) acquired Nervana in August 2016 for an estimated USD 408 million and shut down the Nervana product line in January 2020 in favor of Habana Labs

HQSan Diego, California, USAnervana.io1 partnerships

Most-frequent partners

Related partnerships

Sources (1)

  1. https://www.vox.com/2016/8/9/12413600/intel-buys-nervana-350-million

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