# Habana Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/habana-labs

- Industry: Semiconductors
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.habana.ai
- Total disclosed funding: $75M
- Latest round: Series B (Nov 15, 2018)
- Investors on record: 4

## About

Habana Labs Ltd. is an AI computing company specializing in high-performance solutions designed for deep learning training and inference across various industries, including healthcare and fintech.Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, Habana Labs Ltd. focuses on creating AI accelerators. In December 2019, the company was acquired by Intel Corporation for approximately USD 2 billion. The CEO of the company is David Dahan.The company specializes in high-performance AI compute solutions through its flagship Intel® Gaudi® product line, which includes the Gaudi, Gaudi 2, and Gaudi 3 AI accelerators. These products are designed to address the increasing demands of deep learning training and inference, specifically targeting enterprise applications in generative AI, autonomous driving, healthcare, fintech, and retail. The Gaudi accelerators provide significant performance and efficiency improvements, enabling enterprises and cloud providers to optimize their AI workloads while reducing costs and resource consumption. The Intel® Gaudi® software suite enhances the usability of these accelerators, allowing for seamless migration of existing GPU-based models and simplifying model development. The primary markets for these offerings include North America, Europe, and Asia, where the products are utilized by a diverse customer base ranging from large enterprises to cloud service providers.The company generates revenue through direct sales of its AI accelerators and associated software solutions to enterprises, cloud providers, and developers. The transaction structure typically involves B2B agreements, where clients purchase the hardware and software packages to enhance their AI computing capabilities. As a part of their pricing model, clients may engage in volume-based licensing agreements that provide access to Intel® Gaudi® software updates and support, thereby ensuring optimal performance over time. Specific pricing plans for individual products or services are established based on the needs and scale of the client’s operations, with incentives for larger purchases to encourage adoption of their AI technologies.Following its acquisition by Intel Corporation, which was finalized in December 2019, Habana Labs Ltd. plans to leverage its new resources to accelerate the development of upcoming products within the Gaudi product line. The company aims to expand its market presence in North America, Europe, and Asia, with targeted initiatives expected to roll out through the next few years. The recent funding through the acquisition will support these expansion efforts and product innovations.

## Funding rounds

- Series B, Nov 15, 2018, $75M — Battery Ventures, Intel Capital, Bessemer Venture Partners, Celesta Capital

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B
- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series B