Fundraising FoxNervana Systems
AcquiredSan Diego, US · Founded 2014 · 3 known investors
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Acquired by Intel August 2016 · $350M (~$350 million (some sources cite ~$408 million)) · source ↗
Nervana Systems was a San Diego startup that built a deep-learning platform including the Neon software framework, a custom ASIC hardware accelerator, and a cloud service for training neural networks.
Founders & leadership
Nervana Systems was founded in 2014 by Amir Khosrowshahi and Naveen Rao.
Board
Investors · 3
How we know: AME Cloud Ventures's portfolio page · Not right? Tell us
How we know: DCVC (Data Collective)'s portfolio page · Not right? Tell us
How we know: funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$24.4M disclosed across 2 rounds · 2014–2015
▶$20.5MraisedJun 2015 · 12 investors · ComputersRule 506(b)
- Amir KhosrowshahiExecutive Officer, Director
- Matt OckoDirector
- Naveen RaoExecutive Officer, Director
- Steve JurvestonDirector
- Offering amount
- $22M
- Amount sold
- $20.5M
- First sale
- May 2015
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$3.9MraisedAug 2014 · 18 investors · ComputersRule 506(b)
- Steve JurvestonDirector
- Amir KhosrowshahiExecutive Officer, Director
- Naveen RaoExecutive Officer, Director
- Offering amount
- $3.9M
- Amount sold
- $3.9M
- First sale
- Aug 2014
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Nervana Systems do?
- Nervana Systems was a San Diego startup that built a deep-learning platform including the Neon software framework, a custom ASIC hardware accelerator, and a cloud service for training neural networks.
- Who founded Nervana Systems?
- Nervana Systems was founded by Amir Khosrowshahi, Naveen Rao in 2014.
- Who are Nervana Systems's investors?
- Nervana Systems's investors include AME Cloud Ventures, DCVC (Data Collective), DFJ.
- How much funding has Nervana Systems raised?
- Nervana Systems has disclosed $24.4M raised across 2 rounds.
- Where is Nervana Systems headquartered?
- Nervana Systems is headquartered in San Diego, US.