Intel Leads $75 Million Investment in AI Chip Startup Habana Labs
November 15 2018 - 2:28PM
Dow Jones News
By Colin Kellaher
Artificial-intelligence processor startup Habana Labs Ltd. on
Thursday said it raised $75 million in a Series B funding round led
by Intel Capital, the venture-capital arm of chip giant Intel Corp.
(INTC).
The Tel Aviv-based fabless semiconductor company said others
participating in the round, which brings its total fundraising to
$120 million, included previous investors WRV Capital and Bessemer
Venture Partners, and new investor Battery Ventures LP.
Habana's valuation wasn't disclosed.
Habana was founded in 2016 by Chief Executive David Dahan and
R&D chief Ran Halutz, both former executives at Israeli
sensor-technology firm PrimeSense Ltd., which Apple Inc. (AAPL)
bought in late 2015 for about $350 million.
Its chairman is Avigdor Willenz, who founded Israeli chip
designer Annapurna Labs Ltd., which Amazon.com Inc. (AMZN) acquired
in 2015, and chip-design company Galileo Technologies Ltd., which
Marvell Technology Group Ltd. (MRVL) bought for $2.7 billion in
2000.
--Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 15, 2018 14:13 ET (19:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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