https://techcrunch.com/2022/03/31/intel-confirms-acquisition-of-granulate-reportedly-for-up-to-650m-bringing-ai-based-workload-optimization-into-its-fold/

Last year, when we wrote about new investment for Israeli startup Granulate — which applies AI to high-priority computing workloads to optimize how they travel across a customers’ cloud and on-premises networks — we noted that the network management space was going through some consolidation, with point solutions getting snapped up by platform players. Well today, that trend is touching the startup itself: chip giant Intel has announced that it is acquiring Granulate, to continue extending both its operations in Israel, and the tools that Intel provides to customers to better manage traffic on Intel-powered kit.

The acquisition had been a badly-kept secret in Granulate’s home market, with a number of publications reporting that it was in the works for about a week now. Well-placed sources tell us the acquisition is a $650 million deal, although Intel and Granulate do not give an actual number in their press release today confirming the news.