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Intel acquires Israeli tech startup Granulate in $650M deal

Intel

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Intel acquires Israeli tech startup Granulate in $650M deal

Intel has acquired Israeli startup, Granulate Cloud Solutions Ltd. The deal will assist cloud and datacenter clients in optimising compute workload performance while lowering infrastructure and cloud costs.

Intel has announced the acquisition of Granulate Cloud Solutions Ltd, an Israeli producer of real-time continuous optimization software, for a reported $650 million. According to an Intel statement issued late Thursday, the acquisition will assist cloud and datacenter customers in optimising compute workload performance while lowering infrastructure and cloud costs.

Sandra Rivera, executive vice president and general manager of Intel’s Data Center and AI Group, stated, “Granulate’s state-of-the-art autonomous optimisation software can be applied to production workloads without requiring the customer to change its code, resulting in optimised hardware and software value for every cloud and data centre customer.”

Granulate’s autonomous optimisation service enables cloud and data centre customers to drastically increase deployment performance, decrease operational overhead, and cut application expenses.

Asaf Ezra, co-founder and CEO of Granulate, said, “Joining Intel will enable Granulate to deliver autonomous optimisation capabilities to even more clients across the world and rapidly increase its portfolio with the support of Intel’s 19,000 software engineers.”

Intel and Granulate have collaborated on workload optimization on Xeon deployments under a commercial partnership.

Intel expects the deal to be completed in the second quarter of 2022.

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