Intel Acquires Nervana Systems for Undisclosed Sum

  • Feed Type
  • Date
    8/10/2016
  • Company Name
    Nervana Systems
  • Mailing Address
    6440 Lusk Blvd. San Diego, CA 92121 USA
  • Company Description
    Founded by experts in machine learning, neuroscience, processor architecture, and chip design, Nervana Systems is bringing unprecedented scale and simplicity to the application of brain-inspired algorithms.
  • Website
    http://www.nervanasys.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The chip giant isn’t actually saying how much it is paying, but a source with knowledge of the deal said it is valued at around $408 million.

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