INTC Intel Corporation

   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)

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