Today, Intel continued its streak of buying Israeli companies, announcing it has purchased Habana Labs for $2 billion. Founded in 2016, Habana Labs has developed specialized chips that utilize AI to make chips that are faster and more efficient, and has raised $120 million to-date. Intel was a recent investor in the company’s B Round. Habana Labs will continue to operate in Israel, as a separate business unit of Intel. The purchase is the largest purchase of an Israeli company this year.
“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 center,” said Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel. “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.”