(March 24, 2022 / JNS) Intel is closing a deal to buy the Israeli startup Granulate for some $650 million.
According to a report in Haaretz on Wednesday, a source familiar with the deal said it’s not yet final, but as much as $100 million is being set aside for severance packages and to retain 70 workers.
Founded in 2018 by Assaf Ezra and Tal Sayag, Granulate works to improve the performance of cloud servers. The system optimizes execution without the need for programmers, in addition to reducing computational power and costs.
Haaretz also reported that Intel plans to open a new R&D center in southern Israel. At present, the company employs 14,000 in Israel.
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.