{"id":"ed5ddd46-bf48-444e-a663-c9de5b284ed0","slug":"intel-acquires-nervana-2016","acquirerCompanyId":"292dcd66-cd10-4ee8-bc46-c6f46ccdb848","acquiredCompanyId":"72eece57-d8d7-4841-b7aa-7da74819125c","acquirerName":"Intel","acquiredName":"Nervana Systems","announcementDate":"2016-08-09T00:00:00.000Z","closeDate":null,"status":"completed","structure":"full_acquisition","valuationUsd":"408000000","valuationBasis":"reported","summary":"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).","sources":[{"url":"https://techcrunch.com/2016/08/09/intel-buys-deep-learning-startup-nervana-systems-for-a-reported-350-million/","title":"intel-acquires-nervana-2016","sourceName":"Intel"}],"verificationPosture":"verified","reviewStatus":"unreviewed","createdAt":"2026-06-24T18:25:45.644Z","updatedAt":"2026-06-24T18:25:45.644Z","acquirerCompany":{"id":"292dcd66-cd10-4ee8-bc46-c6f46ccdb848","slug":"intel","name":"Intel Corporation"},"acquiredCompany":{"id":"72eece57-d8d7-4841-b7aa-7da74819125c","slug":"nervana-systems","name":"Nervana Systems"},"assets":[]}