Nervana Systems

Acquired

San Diego, United States · Founded 2014 · $24.4M raised

Employees
11–50
Founded
2014
Business Model
B2B
Website
nervana.ai
Total Funding
$24.4M
Last Round
$20.5M Series AJun 2015
Rounds
3
Acquired by
IntelAug 2016

About

Nervana Systems was a deep learning startup based in San Diego, California that built custom AI chips (Nervana Engine) and software optimized for neural network training. Founded in 2014, the company developed hardware and software solutions to dramatically accelerate machine learning workloads. Intel acquired Nervana in August 2016 for a reported $350–$400M to bolster its AI and data center capabilities.

Summary

Nervana Systems is an Artificial Intelligence company based in San Diego, United States, founded in 2014. It has raised $24.4M in total across 3 rounds, most recently a $20.5M Series A round in Jun 2015. Investors include DCVC (Data Collab), Draper Fisher Jurvetson and CME Ventures.

Funding History

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AcquisitionAug 2016
$408.0M

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