Intel Buys Indian Startup To Gain Discrete GPU Tech Expertise
18 Feb 2019 7:56 AM GMT
Intel has acquired part of the India-based start-up Ineda Systems. The Hyderabad-based company develops technology for autonomous driving, but the acquisition would actually have an emphasis on the GP...
- Intel has acquired part of the India-based start-up Ineda Systems.
- Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad.
- The startup hit the headlines in 2013-14 for its design and development of low-power Dhanush chips for wearable devices and had raised over $60 million from big-ticket investors, including Samsung Catalyst Fund, Qualcomm Ventures, Walden-Riverwood Ventures, Imagination Technologies, among others, but ran into rough weather after it shifted gears to automotive technologies.
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