# Intel Corporation acquires Nervana Systems: acquisition

Canonical ID: `ed5ddd46-bf48-444e-a663-c9de5b284ed0`

Intel acquired Nervana Systems (announced Aug 9, 2016; ~$400M+ reported), a deep-learning chip/software startup whose tech informed Intel's AI accelerators (later succeeded by Habana Labs).

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $408.0M (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Intel Corporation](https://registry.deploy.report/companies/intel.md)
- **Acquired:** [Nervana Systems](https://registry.deploy.report/companies/nervana-systems.md)

## Timeline

- **Announced:** 2016-08-09

## Sources (1)

1. https://techcrunch.com/2016/08/09/intel-buys-deep-learning-startup-nervana-systems-for-a-reported-350-million/


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