Showing posts with label Israel. Show all posts
Showing posts with label Israel. Show all posts

Tuesday, October 19, 2021

Cato Networks raises $200 million for its SASE

Cato Networks, a start-up based in Tel Aviv, Israel, raised $200 million in new funding at a market valuation of $2.5 billion for its SASE solutions. The Cato SASE Cloud is distributed across more than 65 PoPs worldwide.

The new funding round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Aspect Ventures / Acrew Capital, Coatue, Singtel Innov8, and Shlomo Kramer. 

“Cato is at the forefront of SASE transformation,” said Shlomo Kramer, CEO and co-founder of Cato Networks. “Large enterprises are deploying Cato as their global network to reap the operational and business benefits of Cato’s proven and mature SASE platform. Cato is rapidly expanding its service capabilities, global footprint, and sales and marketing teams, while preserving our unique DNA of agility, simplicity, and ease of doing business that is so valued by customers and partners.” 

https://www.catonetworks.com

Wednesday, October 13, 2021

Hailo raises $136 million for its edge AI processors

Hailo, a start-up based in Tel Aviv, raised $136 million in a Series C round of funding for its edge processor designed for AI workloads.

The Hailo-8 edge AI processor boasts up to 26 tera-operations per second (TOPS) performance, capable of processing of FHD stream in real-time, and with typical power consumption of 2.5W, according to the company.

The funding round was led by Poalim Equity and Gil Agmon with participation from existing investors including Hailo Chairman Zohar Zisapel, ABB Technology Ventures (ATV), Latitude Ventures and OurCrowd; and new investors Carasso Motors, Comasco, Shlomo Group, Talcar Corporation Ltd. and Automotive Equipment (AEV).

Hailo was established in Israel in 2017 by members of the Israel Defense Forces’ elite technology unit.

https://hailo.ai/

Sunday, August 15, 2021

Cisco to acquire Epsagon for microservice observability

Cisco agreed to acquire Epsagon Ltd., a privately held, modern observability company with offices in New York and Tel Aviv. Financial terms were not disclosed.

Epsagon offers a lightweight agent that can provide visualization of AWS and third-party (Auth0, Stripe) services automatically. Epsagon can integrate with a wide range of microservices-based environments including Kubernetes, ECS, EKS and serverless.

Cisco's core SaaS solutions for full-stack observability include AppDynamics, ThousandEyes and Intersight. 

https://blogs.cisco.com/news/12082021

https://epsagon.com/

Monday, June 14, 2021

AWS to open data center in Tel Aviv

Amazon Web Services will open a data center region in Tel Aviv, Israel in the first half of 2023.

The AWS Israel (Tel Aviv) Region will have three Availability Zones, each fully isolated with its own infrastructure. As is the case with other AWS Regions, the AZs in the region and will be connected together with dedicated, fully-redundant metro fiber. 


AWS currently has 81 Availability Zones within 25 AWS Regions in operation today, with 21 more Availability Zones and seven announced regions (including this one) underway.


Tuesday, May 11, 2021

Cisco to acquire Sedona for IP/optical network automation

Cisco announced plans to acquire Sedona Systems Ltd., a start-up offering multi-layer IP/optical network automation and control solutions. Financial terms were not disclosed.

Sedona, which is based in Ramat Gan, Israel, is known for its Hierarchical Controller (HCO) that enables multi-vendor, multi-domain automation, and software-defined networking. The Sedona NetFusion platform automatically discovers, aggregates and analyzes network data from multiple online systems, optical and IP sources, providing a unified, real-time and accurate network-wide data model that is consumed via different NetFusion applications. 

In a blog posting, Kevin Wollenweber of Cisco, says the acquisition will provide an advanced network automation platform for Cisco’s Routed Optical Networking Solution. The goal is to help CSPs gain real-time, dynamic, and seamless control of IP and optical multi-vendor networks together. 

https://blogs.cisco.com/news/364246

Tuesday, March 16, 2021

Teramount raises $8 million for silicon photonics

Teramount, a start-up based in Jerusalem announced $8 million in series A funding. 

Teramount is developing a Photonic-Plug for connecting optics to silicon using standard semiconductor manufacturing processes and packaging. The company says its technology offers high assembly tolerances that allow for passive alignment processes and enables high volume packaging through standard CMOS assembly lines.

The funding was led by Grove Ventures with participation from Amelia Investments and former executive VP of Intel and company Chairman, David (Dadi) Perlmutter, along with additional private investors. 

http://www.teramount.com/ 

Wednesday, March 3, 2021

Xsight secures funding for its 25.6T data center switch with 100G PAM4 SerDes

Xsight Labs, a fabless semiconductor startup based in Tel Aviv, announced the closing of its Series D funding. The round was led by Valor Equity Partners and Atreides Management and was joined by new investor Fidelity Management & Research Company. Existing investors Battery Ventures, Intel Capital, M12 Microsoft’s Venture Fund and Xilinx, increased their investments. Additionally, Accton Technology joined as a new strategic investor. Financial terms were not disclosed.

“Xsight Labs’ Series D was significantly oversubscribed and is the largest round ever raised by our group,” said Avigdor Willenz, Xsight Labs’ founding investor. “The completion of this round will help Xsight Labs execute its ambitious vision of delivering end-to-end connectivity solutions for cloud infrastructure.”

“I would like to welcome Fidelity Management & Research Company to the Xsight Labs family and thank all of our investors for their continued support, especially Valor and Atreides for their leading efforts. With this new investment, we are poised to ramp up the X1 family of data center switches and drive exciting new additions to our roadmap,” said Guy Koren, Co-Founder and CEO of Xsight Labs.

Xsight Labs samples 25.6T data center switch chip with 100G SerDes

Xsight Labs, a fabless semiconductor start-up based in Israel, emerged from stealth to announce sampling of a 25.6T 32 x 800G data center switch and a 12.8T 32 x 400G data center switch based on 100G PAM4 SerDes.

The company's X1 switch chip, which is now sampling to alpha customers, is fabricated in 7nm silicon. 

Some highlights: 

  • The X1 chip operates at less than 300W for 25.6T and under 200W for 12.8T (for typical data center use cases)
  • Built with256 x 100G LR PAM4 SerDes, X1 enables retimer-less design, supporting in-rack DAC connectivity for the 100G ecosystem. 
  • X1 supports the new 800G optics ecosystem, delivering a 2x improvement in port density vs. 400G optics.
  • X1 leverages a fully shared buffer architecture with wire speed in-cast performance for worst-case microburst absorption.
  • X1 supports an extensive suite of programmable Dataplane Telemetry that enables visibility into the network for monitoring, troubleshooting and real-time analysis and decision making.

Supports a broad range of switch configurations: 

  • 25.6T: 256 x 100G, 128 x 200G, 64 x 400G, 32 x 800G
  • 12.8T: 256 x 50G, 128 x 100G, 64 x 200G, 32 x 400G, 16 x 800G

“Xsight Labs is the first in the world to sample a monolithic 7nm switch silicon that is on the frontier of the 100G SerDes ecosystem,” said Erez Shaizaf, Xsight Labs’ Co-Founder and Switch General Manager. “It is a true testament to the caliber of engineering talent that we have been able to assemble and we, as a team, are extremely proud of our execution.”

“The X1 family architecture has been built from the ground up to incorporate a unique set of value-added features like Application Optimized Switching, X-PND™, and X-IQ™, enabling customers’ switch deployments to achieve optimized latency and power,” said Gal Malach, Co-Founder and Chief Technology Officer at Xsight Labs.

https://xsightlabs.com/

 

  • Xsight Labs was co-founded by Guy Koren (CEO), who previously was CTO of EZchip Technologies (acquired by Mellanox in 2016 for $811M); Erez Shaizaf (GM of Switch Product Line), who previously was Vice President of Silicon at Mellanox and Director of VLSI at EZchip Technologies and Freescale; and Gal Malach (CTO), who previously was previously was Lead Architect and Director of VLSI at Mellanox, through the EZchip Technologies acquisition, where he drove architecture definition and execution.

Wednesday, February 17, 2021

Ribbon to sell its QualiTech testing division to Hermon Labs

Hermon Laboratories, a leading provider of testing, measurement and certification services, will acquire the testing and standardization business conducted by Ribbon's QualiTech division. Financial terms were not disclosed.


QualiTech operates as an independent division of former ECI Telecom (now part of Ribbon), providing high-quality testing and standardization laboratory services supporting both the company's product development activities and external customers. Under the agreement, Hermon Laboratories will continue to provide testing and standardization services to Ribbon anchored by the strong team of QualiTech employees, who are expected to transfer to Hermon Laboratories.

"The sale of the QualiTech business aligns with our strategy of increasing our focus on our core IP Optical Networks and Cloud and Edge businesses," said Bruce McClelland, President and CEO of Ribbon. "The agreement allows Ribbon to maintain the high level of testing and standardization services provided by the same dedicated professionals that have been delivering these services for years. They will simply be transferring to the Hermon Laboratories team."

Sunday, December 13, 2020

Xsight Labs samples 25.6T data center switch chip with 100G SerDes

Xsight Labs, a fabless semiconductor start-up based in Israel, emerged from stealth to announce sampling of a 25.6T 32 x 800G data center switch and a 12.8T 32 x 400G data center switch based on 100G PAM4 SerDes.

The company's X1 switch chip, which is now sampling to alpha customers, is fabricated in 7nm silicon. 

Some highlights: 

  • The X1 chip operates at less than 300W for 25.6T and under 200W for 12.8T (for typical data center use cases)
  • Built with256 x 100G LR PAM4 SerDes, X1 enables retimer-less design, supporting in-rack DAC connectivity for the 100G ecosystem. 
  • X1 supports the new 800G optics ecosystem, delivering a 2x improvement in port density vs. 400G optics.
  • X1 leverages a fully shared buffer architecture with wire speed in-cast performance for worst-case microburst absorption.
  • X1 supports an extensive suite of programmable Dataplane Telemetry that enables visibility into the network for monitoring, troubleshooting and real-time analysis and decision making.

Supports a broad range of switch configurations: 

  • 25.6T: 256 x 100G, 128 x 200G, 64 x 400G, 32 x 800G
  • 12.8T: 256 x 50G, 128 x 100G, 64 x 200G, 32 x 400G, 16 x 800G

“Xsight Labs is the first in the world to sample a monolithic 7nm switch silicon that is on the frontier of the 100G SerDes ecosystem,” said Erez Shaizaf, Xsight Labs’ Co-Founder and Switch General Manager. “It is a true testament to the caliber of engineering talent that we have been able to assemble and we, as a team, are extremely proud of our execution.”

“The X1 family architecture has been built from the ground up to incorporate a unique set of value-added features like Application Optimized Switching, X-PND™, and X-IQ™, enabling customers’ switch deployments to achieve optimized latency and power,” said Gal Malach, Co-Founder and Chief Technology Officer at Xsight Labs.

https://xsightlabs.com/

 

  • Xsight Labs was co-founded by Guy Koren (CEO), who previously was CTO of EZchip Technologies (acquired by Mellanox in 2016 for $811M); Erez Shaizaf (GM of Switch Product Line), who previously was Vice President of Silicon at Mellanox and Director of VLSI at EZchip Technologies and Freescale; and Gal Malach (CTO), who previously was previously was Lead Architect and Director of VLSI at Mellanox, through the EZchip Technologies acquisition, where he drove architecture definition and execution.

Monday, November 9, 2020

Cellwize raises $32 million for its 5G automation and orchestration

Cellwize, a start-up headquartered in Singapore with R&D in Israel, announced a $32 million Series B funding round for its mobile network automation and orchestration solution.

The new funding round was led by Intel Capital and Qualcomm Ventures LLC with participation from Verizon Ventures, Samsung Next, and existing shareholders.

Cellwize offers a RAN automation and orchestration platform for 5G rollouts. Cellwize CHIME enables operators to accelerate their 5G deployment by automating key business processes in the RAN domain. The company leverages artificial intelligence and machine learning for zero-touch 5G deployments, for automating 2G/3G/4G/5G network optimization, and for delivering mobile network assurance. 

"We are delighted to have been selected by these leading VCs for their strategic investments to accelerate 5G in a way that is open and disaggregated," said Ofir Zemer, CEO of Cellwize. "This is a clear reflection of the trust they have in Cellwize and in the cutting-edge capabilities of CHIME for enabling the 5G revolution. "

"Intel Capital is a lead investor in Cellwize because we're excited about the opportunity Cellwize has to help operators transform their networks to accelerate the 5G revolution," said David Flanagan, vice president and senior managing director at Intel Capital. "Cellwize and Intel Capital are aligned in their vision that Cellwize's cloud-native platform, which includes AI-based automation technology, will help customers deploy complex 5G networks in a more efficient, scalable, and flexible way. 

"Qualcomm is at the forefront of 5G expansion, creating a robust ecosystem of technologies that will usher in the new era of connectivity," said Merav Weinryb, Senior Director of Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. "As a leader in RAN automation and orchestration, Cellwize plays an important role in 5G deployment. We are excited to support Cellwize through the Qualcomm Ventures' 5G global ecosystem fund as they scale and expedite 5G adoption worldwide." 

https://www.cellwize.com/

Thursday, October 1, 2020

Cisco to acquire Portshift for Kubernetes-native security platform

 Cisco agreed to acquire Portshift, a start-up based in Tel Aviv, Israel, offering a Kubernetes-native security platform. Financial terms were not disclosed.

Portshift is focused on application security solutions. Its platform adopts an agentless approach using a Kubernetes admission controller for seamless integration and native enforcement. This serves as Kubernetes-native guardrails for deployed containers.

In a blog post, Cisco's Liz Centoni writes that "Portshift aligns to Cisco’s approach of providing secure connectivity between users, devices and apps, wherever they reside; visibility and actionable insights from the end user to the application; a simplified consumption model that includes cloud-first Secure Access Service Edge (SASE) capabilities; commitment to an open source and open standards philosophy; and breaking down the siloes between developers, security teams, infrastructure teams, operations and SRE teams."

https://www.portshift.io/

Wednesday, September 16, 2020

JFrog soars in IPO -- Database of DevOps

 JFrog, which describes itself as "the “Database of DevOps” and de-facto standard in release and update management", raised $509 million in an initial public offering (IPO) of 11,568,218 ordinary shares at a price to the public of $44.00 per share. 

The shares (Nasdaq: FROG) began trading on Wednesday and closed at $64.79, up 47%.

JFrog products are available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog claims more than 5,800 customers.



JFrog has headquarters in both Netanya, Israel and Sunnyvale, California. 

https://jfrog.com/



Wednesday, July 29, 2020

Ermetic raises $17 million for cloud policy management

Ermetic, a start-up with offices in Palo Alto and Tel Aviv, raised $17.25 million in Series A funding for its work in cloud access risk mitigation

Ermetic says its analytics-based solution prevents cloud data breaches by automating the detection and remediation of identity and access risks in Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offerings from Amazon, Google and Microsoft. It automatically discovers all human and machine identities in the cloud, and analyzes their entitlements, roles and policies using a continuous lifecycle approach. By combining analytics with granular, full stack insight, Ermetic makes it possible to enforce least privilege access at scale even in the most complex cloud environments.

The funding round was led by Accel, and supported by Glilot Capital Partners, Norwest Venture Partners and Target Global, the company’s $10M seed round investors.

“Until now, customers have been using retrofitted tools to try to manage cloud infrastructure accounts and entitlements. Ermetic has developed a cloud native alternative that uses analytics to consistently manage permissions and enforce least-privilege access,” said Shai Morag, CEO of Ermetic. “We are pleased to welcome Accel as an investor and Andrei Brasoveanu to our Board. This capital infusion will help us capture a large share of the emerging market known as Cloud Infrastructure Entitlements Management.”

https://ermetic.com/

Monday, May 4, 2020

Intel acquires Moovit for Urban Mobility App

Intel has acquired Moovit, an Israeli-based mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain).

Moovit's urban mobility application offers multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The app has more than 800 million users and services in 3,100 cities across 102 countries. Moovit was founded in 2012 and has approximately 200 employees.

Moovit has also signed strategic partnership agreements with major ride-sharing operators and mobility ecosystem companies for analytics, routing, optimization and operations for MaaS. With this acquisition, Mobileye will be able to use Moovit’s large proprietary transportation dataset to optimize predictive technologies based on customer demand and traffic patterns, as well as tap into Moovit’s transit data repository of more than 7,500 key transit agencies and operators.

Intel says the addition of Moovit brings its Mobileye business closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.

“Intel’s purpose is to create world-changing technology that enriches the lives of every person on Earth, and our Mobileye team delivers on that purpose every day,” said Bob Swan, Intel CEO. “Mobileye’s ADAS technology is already improving the safety of millions of cars on the road, and Moovit accelerates their ability to truly revolutionize transportation – reducing congestion and saving lives – as a full-stack mobility provider.”

Mobileye enables advanced driver-assistance systems (ADAS) and is currently deployed on nearly 60 million vehicles with more than 25 automaker partners.

“Moovit’s massive global user base, proprietary transportation data, global editors community, strong partnerships with key transit and mobility ecosystem partners, and highly skilled team is what makes them a great investment,” said Professor Amnon Shashua, CEO of Mobileye. “Moovit is a strong brand trusted by hundreds of millions of people globally. Together, with Mobileye’s extensive capabilities in mapping and self-driving technology, we will be able to accelerate our timeline to transform the future of mobility.”

“We are excited to join forces with Mobileye and lead the future revolution of new mobility services,” said Nir Erez, Moovit co-founder and CEO. “Mobility is a basic human right, and as cities become more crowded, urban mobility becomes more difficult. Combining the daily mobility habits and needs of millions of Moovit users with the state-of-the-art, safe, affordable and eco-friendly transportation enabled by self-driving vehicles, we will be able to make cities better places to live in. We share this vision and look forward to making it a reality as part of Mobileye.”


  • Intel acquired Mobileye in 2017. 

Tuesday, April 21, 2020

Saguna names Ido Gur as CEO

Saguna, which is developing a multi-access edge cloud (MEC) computing solution, named Ido Gur as its new CEO.

Gur previously served as CEO of GASNGO, CEO and President of VocalTec, and EVP Global Sales & Marketing of ECI Telecom.

"I am delighted to join the Saguna team," said Gur. "Its highly dedicated employees and its committed share-holders made outstanding progress over the years building state-of-the art products. Saguna is uniquely positioned to address the opportunities in the growing edge cloud market."

Saguna is based on Yokneam, Israel.

Monday, January 27, 2020

Iguazio raises $24M for its data science platform

Iguazio, a start-up based in Herzliya, Israel, raised $24 million in funding for its data science platform for real time machine learning applications.

The Iguazio data science platform helps data scientists create real-time AI applications while working within their chosen machine learning stack.

The funding was was led by INCapital Ventures, with participation from existing and new investors, including Pitango, Verizon Ventures, Magma Venture Partners, Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures.

“This is a pivotal time for AI. Our platform helps data scientists push the limits of their real-time AI applications and see their impact in real business environments,” said Asaf Somekh, co-founder and CEO of Iguazio. “With support from INCapital, Kensington Capital Partners, and our other investors, we are ready to expand our international team and reach our ambitious goals.”

http://www.iguazio.com

Monday, January 6, 2020

Investment firm acquires Armis for $1.1 billion -- enterprise IoT security

Insight Partners will acquire Armis, a start-up specializing in enterprise IoT security, for $1.1 billion in cash.

Armis, which is based in Palo Alto, California, with an office in Tel Aviv, helps organizations safely embrace unmanaged and IoT devices throughout their business. Armis offers an agentless security solution that provides visibility of every device in the enterprise environment. It analyzes and classifies devices and their behavior in order to identify risks or attacks, and protects critical information and systems. Armis does not require any hardware and integrates seamlessly into any environment or existing infrastructure.

Insight is a global software investment firm.

Following the acquisition, Armis will continue to operate independently and will be fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and executive team, while leveraging the support of Insight's business strategy and ScaleUp division, Onsite.

"Insight is one of the most sophisticated software investors in the sector, and it is due to the depth of their domain expertise that they really understand the enterprise IoT device challenge we are looking to solve, and the size of the market opportunity. We considered growth rounds and strategic offers, but by partnering with Insight we have the best of both worlds - operational support and independence, both of which were important in our decision to take on a scaleup partner this early in our company journey," said Yevgeny Dibrov, co-founder and CEO at Armis.

"One of the biggest challenges keeping CIOs and CISOs up at night is how to secure the unmanaged devices proliferating through their businesses, from manufacturing floors to hospital rooms, from airports to boardrooms. These devices - capturing and creating business critical information, working on production lines, or administering patient care - have no protection and they need a security solution," said Nadir Izrael, CTO and co-founder at Armis. "The exponential growth of Armis to date illustrates just how critical securing unmanaged devices is for businesses. With the backing of Insight, we will continue to expand our world class technology to help identify devices, track their behavior and respond to the threats that target them."

Monday, December 16, 2019

Intel acquires Habana Labs for $2 billion - AI chipset

Intel has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center, for approximately $2 billion.

Habana’s Gaudi AI Training Processor is currently sampling with select hyperscale customers. Large-node training systems based on Gaudi are expected to deliver up to a 4x increase in throughput versus systems built with the equivalent number of GPUs. Gaudi is designed for efficient and flexible system scale-up and scale-out.

Additionally, Habana’s Goya AI Inference Processor, which is commercially available, has demonstrated excellent inference performance including throughput and real-time latency in a highly competitive power envelope. Gaudi for training and Goya for inference offer a rich, easy-to-program development environment to help customers deploy and differentiate their solutions as AI workloads continue to evolve with growing demands on compute, memory and connectivity.

Habana will remain an independent business unit and will continue to be led by its current management team. Habana will report to Intel’s Data Platforms Group, home to Intel’s broad portfolio of data center class AI technologies.

“This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need – from the intelligent edge to the data center,” said Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel. “More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.”

Habana Labs chairman Avigdor Willenz will serve as a senior adviser to the business unit as well as to Intel Corporation after Intel’s purchase of Habana.

“We have been fortunate to get to know and collaborate with Intel given its investment in Habana, and we’re thrilled to be officially joining the team,” said David Dahan, CEO of Habana. “Intel has created a world-class AI team and capability. We are excited to partner with Intel to accelerate and scale our business. Together, we will deliver our customers more AI innovation, faster.”


Interview: Habana Labs targets AI processors



Habana Labs, a start-up based in Israel with offices in Silicon Valley, emerged from stealth to unveil its first AI processor. Habana's deep learning inference processor, named Goya, is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. The company will offer a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads,...

Habana Labs, a start-up based in Tel-Aviv, Israel, raised $75 million in an oversubscribed series B funding for its development of AI processors.

Habana Labs is currently in production with its first product, a deep learning inference processor, named Goya, that is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. Habana is now offering a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads, such as image recognition, neural machine translation, sentiment analysis, recommender systems, etc.  A PCIe card based on its Goya HL-1000 processor delivers 15,000 images/second throughput on the ResNet-50 inference benchmark, with 1.3 milliseconds latency, while consuming only 100 watts of power. The Goya solution consists of a complete hardware and software stack, including a high-performance graph compiler, hundreds of kernel libraries, and tools.

Habana Labs expects to launch an training processor - codenamed Gaudi - in the second quarter of 2019.

The funding round was led by Intel Capital and joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. This brings total funding to $120 million. The company was founded in 2016.

“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. “The funding will be used to execute on our product roadmap for inference and training solutions, including our next generation 7nm AI processors, to scale our sales and customer support teams, and it only increases our resolve to become the undisputed leader of the nascent AI processor market.”

“Among all AI semiconductor startups, Habana Labs is the first, and still the only one, which introduced a production-ready AI processor,” said Lip-Bu Tan, Founding Partner of WRV Capital, a leading international venture firm focusing on semiconductors and related hardware, systems, and software. “We are delighted to partner with Intel in backing Habana Labs’ products and its extraordinary team.”

https://habana.ai/

Intel ships its Nervana Neural Network Processors

Intel announced the commercial production of its Nervana Neural Network Processors (NNP) for training (NNP-T1000) and inference (NNP-I1000).

The new devices are Intel’s first purpose-built ASICs for complex deep learning for cloud and data center customers. Intel said its Nervana NNP-T strikes the right balance between computing, communication and memory, allowing near-linear, energy-efficient scaling from small clusters up to the largest pod supercomputers. Both products were developed for the AI processing needs of leading-edge AI customers like Baidu and Facebook.

Intel also revealed its next-generation Movidius Myriad Vision Processing Unit (VPU) for edge media, computer vision and inference applications. Additionally, Intel’s next-generation Intel Movidius VPU, scheduled to be available in the first half of 2020, incorporates unique, highly efficient architectural advances that are expected to deliver leading performance — more than 10 times the inference performance as the previous generation — with up to six times the power efficiency of competitor processors.

“With this next phase of AI, we’re reaching a breaking point in terms of computational hardware and memory. Purpose-built hardware like Intel Nervana NNPs and Movidius Myriad VPUs are necessary to continue the incredible progress in AI. Using more advanced forms of system-level AI will help us move from the conversion of data into information toward the transformation of information into knowledge,” stated Naveen Rao, Intel corporate vice president and general manager of the Intel Artificial Intelligence Products Group.

“We are excited to be working with Intel to deploy faster and more efficient inference compute with the Intel Nervana Neural Network Processor for inference and to extend support for our state-of-the-art deep learning compiler, Glow, to the NNP-I,” said Misha Smelyanskiy, director, AI System Co-Design at Facebook.



Friday, June 14, 2019

Intel backs early-stage start-ups in Israel

Intel is launching an incubation program focused on early-stage startup companies in Israel in key segments, including artificial intelligence (AI), autonomous systems and other data-centric technologies and business models.

The Intel Ignite program, which is based in Tel Aviv, will leverage Intel’s global market access and business and technology leadership to provide early-stage startups with unique advantages on their paths to disrupt the future.

Intel will host 10 to 15 top pre-seed to seed startups through a 20-week program where they will receive hands-on mentorship from Intel and industry experts in a variety of product, business, management and technical areas. Intel is committed to accelerate their growth and scale their ideas for greater impact.

“Intel has always worked in concert with open ecosystems to scale new technologies so they can be transformational for our customers, business and society. This process is fueled by the innovation and passion of the startup community,” said Intel CEO Bob Swan. “Israel has the deep skill base in AI, autonomous systems and the underlying technologies critical to these inflections that make it a natural choice to launch our Ignite program.”

Friday, April 5, 2019

Teridion raises additional $9M for cloud-based SD-WAN

Teridion, a start-up headquartered in San Francisco with offices in Petah Tikva, Israel, closed $9 million in financing, for its cloud-based WAN service.

The funding round was led by Jerusalem Venture Partners (JVP) with participation from existing investors Magma Ventures and SingTel Innov8. The company has now raised $35 million to date.

Teridion's public WAN service promises carrier grade, SLA-backed performance and reliability with the agility, elastic scale, and global reach of the public cloud. Teridion's cloud-based WAN service is powered by Teridion Curated Routing, a cloud native approach to routing that "draws on the power of deep learning that brings hierarchical and centralized routing to enterprise networking to radically improve WAN, application and SaaS performance. "

"Enterprise networking is radically evolving," said Gadi Porat, Partner at JVP. "The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion's curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge."

"We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market," said Saar Gillai, CEO of Teridion. "We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts."