{"id":"e7215ee9-fd44-4156-a9a1-8f5ced88475a","slug":"intel-acquires-nervana-systems","name":"Intel acquires Nervana Systems","partnershipType":"other","status":"concluded","announcedDate":"2016-08-09T12:00:00.000Z","startDate":"2016-08-09T12:00:00.000Z","endDate":null,"summary":"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.","sources":[{"url":"https://www.vox.com/2016/8/9/12413600/intel-buys-nervana-350-million","title":"Intel is paying more than 400 million to buy deep-learning startup Nervana Systems","sourceName":"Vox"}],"verificationPosture":"verified","reviewStatus":"unreviewed","createdAt":"2026-08-02T17:02:47.894Z","updatedAt":"2026-08-02T17:02:47.894Z","parties":[{"id":"177a2ead-cdf5-43ab-bab7-8b1d3905ab6a","partnershipId":"e7215ee9-fd44-4156-a9a1-8f5ced88475a","companyId":"292dcd66-cd10-4ee8-bc46-c6f46ccdb848","externalName":null,"role":"investor_partner","createdAt":"2026-08-02T17:02:48.271Z","company":{"id":"292dcd66-cd10-4ee8-bc46-c6f46ccdb848","slug":"intel","name":"Intel Corporation"}},{"id":"ec92a3f0-d421-44db-9276-ab8da6ee0a76","partnershipId":"e7215ee9-fd44-4156-a9a1-8f5ced88475a","companyId":"72eece57-d8d7-4841-b7aa-7da74819125c","externalName":null,"role":"other","createdAt":"2026-08-02T17:02:48.651Z","company":{"id":"72eece57-d8d7-4841-b7aa-7da74819125c","slug":"nervana-systems","name":"Nervana Systems"}}]}