• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Habana Labs Secures $75M in Series B Financing Led by Intel Capital

November 15, 2018 By admin Leave a Comment

Creator of the world’s first AI Processor accelerating growth

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 round is joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. 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. “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.”

Habana Labs has already started production of its first GoyaTM inference processor PCIE card and delivered it to customers in multiple geographies and market segments. The Goya processor silicon has been tested since June of 2018 and is production-qualified by now. The GaudiTM training processor solution is slated to sample in the second quarter of 2019.

“We are excited to invest in a dynamic team with a proven track record in the industry,” said Wendell Brooks, Senior Vice President of Intel Corporation and President of Intel Capital. “Habana Labs’ innovation and execution on their vision will help drive the next evolution of Artificial Intelligence.”

Goya has set two industry records, by delivering 15,012 images/second throughput with 1.3msec latency on the ResNet-50 benchmark, and by attaining an unmatched power efficiency record of 150 images/second/watt, which are approximately one to three orders of magnitude better performance than solutions commonly deployed in data centers today.

“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.”

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. “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.

About Habana Labs

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. 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. Habana Labs is a fabless semiconductor company located in Tel-Aviv, Israel and San Jose, California, employing over 120 people worldwide. It is led by top technologists and entrepreneurs that built multiple successful semiconductor companies and is backed by premier venture capitalists. For more information, please visit www.habana.ai and contact [email protected]

About Intel Capital

Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. 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. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.

SOURCE Habana Labs

Related Links

home

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector
Datadog’s strong financial results for the fourth quarter and fiscal year 2022 provide a solid case for a Buy recommendation
Cisco: Struggling to find new avenues of growth

Market Research Media

Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot

Secondary Sidebar

Tech Events

Splash User Conference and Partner Summit will take place from April 17 to 20, 2023 in Washington, D.C.
Fiber Connect 2023, August 20-23 2023, Orlando, Florida
International Battery Seminar & Exhibit (IBSE) on March 20-23, 2023 in Orlando, FL
MIT Technology Review’s Future Compute event, April 30 – May 1, 2023, MIT Campus, Cambridge, Massachusetts
13th Annual 2023 State IT Connect Summit in Baltimore, Maryland, from March 6-8, 2023

Venture Capital

African Venture Investment Soars to Record High, Fueled by Tech Startups
Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
Agile Project Management: Roles and Responsibilities
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security

Footer

Recent Posts

  • Cloudflare Enters Fraud Detection Market with Cloudflare Fraud Detection
  • Devices utilizing Wi-Fi HaLow technology are gaining momentum
  • Agile Software Development Tools and Technologies
  • Continuous Integration and Continuous Delivery in Agile
  • NuScale Power places first long lead material production order for the manufacture of SMR
  • Potential Applications That Could Accelerate the Adoption of 6G Technology
  • The Need for 6G Technology: Challenges and Opportunities
  • Game Programmer
  • Marketing Automation Specialist
  • Unlock the Power of VPNs: Join our Workshop and Master the Latest VPN Technologies!

App Coding

App Development: Building Cross-Platform Mobile Apps with React Native
A code for a file-based JAMstack CMS system using JavaScript
Creating a Responsive User Interface: Design Principles
Introduction to Object-Oriented Programming
Building an E-commerce App: Key Considerations for Success

API Coding

Connecting to a Crypto Exchange using an API Key: A Guide
How to connect to the Chat GPT API
API Hub for Business Allowing Companies to Launch Custom Hubs in Minutes
Streamlining Your Workflow with API Integrations: Benefits and Best Practices
Template API

Blockchaining

How is the betting industry adopting blockchain?
Discontinuation of TradeLens: The End of a Blockchain-Enabled Global Trade Platform by Maersk and IBM
The Future of Supply Chain Management with Blockchain Technology
The Role of Blockchain in Digital Identity Management
What is Web3?

Event Calendar

ProMat 2023, the leading trade show for the manufacturing and supply chain industry, March 20-23 2023, Chicago’s McCormick Place
Prints 2023, Printing Conference, March 3, 2023
Milan Design Week 2023, April 17-23 2023, Milan, Italy
The New York International Auto Show, April 7-16 2023, Jacob K. Javits Convention Center
Chicago Auto Show 2024, February 10-19, 2024, McCormick Place, Chicago

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT