Since inception, the company has raised a total of $120 million.“We are fortunate to have attracted some of the world’s most professional investors, including the world’s leading semiconductor company, Intel,” said David Dahan, Chief Executive Officer of Habana Labs. Habana Labs is a fabless semiconductor company located in Tel-Aviv, Israel and San Jose, California, employing over 120 people worldwide. Habana will remain an independent business unit led by its current management team and report to Intel’s data platforms group. Intel expects the fast-growing AI chip market to exceed $25 billion by 2024, with its own AI-driven revenues this year seen rising 20% from 2018 to more than $3.5 billion. Since Nov-2018 View all. “We are delighted to partner with Intel in backing Habana Labs’ products and its extraordinary team.”The Goya inference solution is ideally suited for the most demanding AI applications in the industry, including private and cloud data centers, autonomous vehicles, factory and warehouse automation robots, high end drones, and others.“We decided to support Habana Labs since its early days due its ambitious and unique roadmap, with leapfrog performance and power efficiency targets, which allows it to address multiple AI applications,” said Bessemer Venture Partner’s Adam Fisher. It offers Goya, a deep learning inference platform which comprises a complete hardware and software stack, including a graph compiler, kernel libraries, and tools necessary to integrate with the software frameworks that are used to optimize the deployment of artificial intelligence inferencing.

Since 1991, Intel Capital has invested US $12.3 billion in 1,544 companies worldwide, and more than 660 portfolio companies have gone public or participated in a merger. Habana Labs is a company which develops artificial intelligence-based processors and chips. Navin Shenoy, who oversees Intel’s data center group, told Reuters in an interview that each set of chips is designed to solve a different problem, whether it is helping cars drive themselves or training machine-learning algorithms in data centers. View all. Represented by: Wendell Brooks. With five facilities, Intel already has a significant presence in Israel and has become one of the country’s top exporters since launching operations there in 1974. The company set out to develop AI processors from the ground up, optimized for the specific needs of training deep neural networks and for inference deployment in production environments. Intel is expanding its push into the artificial-intelligence market with an approximately $2 billion deal for Habana Labs, an Israel-based AI chip-making startup. Intel has increasingly been depending on sales to data centers as PC sales stagnate. It is investing $11 billion to expand its local chip factory and also launched a tech accelerator in Israel in June. Habana Labs, Ltd. (www.habana.ai), a leading startup in the emerging AI processor space, today announced it has secured $75 million in an oversubscribed series B funding, led by Intel Capital, to fuel its continued growth. The deal follows a string of AI-related acquisitions by Intel in recent years, including Movidius, Nervana, Altera and Mobileye. “Also, their holistic platform approach that supports its silicon with production-ready adapters and the necessary software tools, reinforces our belief in their plan.”The Goya solution consists of a complete hardware and software stack, including a high-performance graph compiler, hundreds of kernel libraries, and tools necessary to integrate with the software frameworks that customers use to optimize the deployment of AI inferencing.Habana Labs was founded in 2016 to unlock the true potential of AI by providing an order of magnitude improvements in processing performance, cost and power consumption.

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