# Intel acquires Nervana Systems: partnership

Canonical ID: `e7215ee9-fd44-4156-a9a1-8f5ced88475a`

Intel acquired Nervana Systems for an estimated USD 408 million to gain specialized AI chip expertise and a deep learning software platform. Intel shut down the Nervana product line in January 2020 in favor of Habana Labs.

- **Type:** other
- **Status:** concluded
- **Verification posture:** verified

## Parties (2)

- [Intel Corporation](https://registry.deploy.report/companies/intel.md) investor partner
- [Nervana Systems](https://registry.deploy.report/companies/nervana-systems.md) other

## Timeline

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

## Sources (1)

1. https://www.vox.com/2016/8/9/12413600/intel-buys-nervana-350-million


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