# Nervana Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nervana-systems

- Industry: Software
- Headquarters: San Diego, US
- Website: www.nervanasys.com
- Total disclosed funding: $3.9M
- Latest round: Series A (Aug 21, 2014)
- Investors on record: 5

## About

Nervana Systems, Inc. is a technology company that specializes in artificial intelligence and machine learning solutions, providing innovative tools and platforms designed to accelerate data processing and analytics for various industries.Founded in 2014 and headquartered in San Diego, California, Nervana Systems aims to enhance computational capabilities through advanced AI technologies. In August 2016, Intel Corporation acquired Nervana Systems for USD 408 mn, marking a significant pivot in the company's operational strategy. The deal involved a total of 5 recorded deals prior to the acquisition, showcasing Nervana's positioning within the tech sector. The company's founder has not been publicly detailed, and no subsidiaries or parent companies are referenced.Nervana Systems primarily focuses on AI and machine learning platforms, developing solutions that enable businesses to harness data effectively. Their offerings include advanced algorithms and tools tailored for processing large datasets, which support enhanced analytics and decision-making across diverse sectors.Nervana Systems generates revenue primarily through its AI and machine learning platforms, which are utilized by enterprises to improve their data processing and analytics capabilities. The specific pricing structure is not disclosed; however, the nature of their service model indicates a focus on transactional engagements that enhance user adoption and retention.Nervana Systems is poised for future growth through the continued development of its AI technologies aimed at expanding into new markets, particularly in sectors requiring robust data analytics capabilities. The funding received from Intel Corporation's acquisition will be allocated to further research and development, enhancing their product offerings and ensuring a competitive edge in the rapidly evolving AI landscape. Specific timelines for new product launches or expansions have not been detailed.

## Funding rounds

- Series A, Aug 21, 2014, $3.3M — Draper Fisher Jurvetson, Allen & Company, AME Cloud Ventures, Fuel Capital
- Seed, Apr 17, 2014, $0.6M — Allen & Company, SV Angel

## Investors

- Allen & Company — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series A
- Fuel Capital — Series A