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...