Avigdor Wilenz’s Lightbeats Labs has signed a strategic partnership with Intel

0
13


Company Intel Announced today (Tuesday) the signing of an agreement for strategic cooperation with the Israeli company Lightbits Labs of the serial entrepreneur Avigdor Vilenz. As part of the strategic partnership, Intel Capital, Intel’s venture capital fund, will invest in Lightbits Labs. The amount has not been officially announced, but according to market estimates, this is an investment of $ 10-20 million.

At the same time, Intel and Lightbeats Labs will collaborate in the development and marketing of a joint solution for the establishment of data centers for cloud operations, based on the protocols of Lightbites and Intel’s chips.

Lightbeats Labs is developing technology for future data centers designed to serve as cloud operators, an area that is experiencing tremendous growth against the backdrop of the transition to remote work during the Corona period. The company has developed a solution that offers high storage performance between servers and maximum utilization of Flash-based storage to provide cloud operators with better performance, faster response time and low cost.

The purpose of the collaboration is to strengthen Intel’s power in the battle for the technology that will run the future data centers (server farms). The strategic collaboration is expected to counterbalance the acquisition made last year by Intel’s big competitor Anvidia, the Israeli rival of Mellanox, for $ 6.9 billion. Mellanox is considered a leader in accelerating communications within server farms and Intel was finally bidding battle over its acquisition, eventually losing to Anvidia.

Lightbeats Labs has raised $ 55 million to date from the investment arms of Dell EMC, Micron Technologies and Cisco, as well as Australian Square Peg Capital and American Walden International. The company currently employs 75 people in Israel and California and intends to increase its workforce following the recruitment, mainly through the recruitment of software and hardware engineers.

Lightbeats Labs was founded in early 2016 by Vilnius together with Eran Kirzner (who serves as CEO), Molly Ben Yehuda (Chief Scientist), Sagi Grimberg (VP of Technology), Ofir Efrati, George Agsendian and Fabian Trumper. Vilenz also invested in it at the lime stage and serves as an active chairman.

Willintz is a serial entrepreneur in the field of chips and is best known for the establishment of Galileo, which was sold in 2001 to the American Marvel for $ 2.7 billion in shares. In 2015, Willenz sold the Anforna Labs company to Amazon for $ 360 million in cash. Last year, another company that is among its founders – the Bana Labs, which develops artificial intelligence chips – was acquired by the same Intel for $ 2 billion.

“Intel is an industry leader with deep expertise in data center technologies,” Kirzner said. “We are excited to partner with Intel, and our joint solution will raise the bar of return for investment to organizations and cloud customers.”





Source link by https://www.globes.co.il/news/article.aspx?did=1001344005

*The article has been translated based on the content of Source link by https://www.globes.co.il/news/article.aspx?did=1001344005
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

LEAVE A REPLY

Please enter your comment!
Please enter your name here