Intel (Nasdaq: INTC) is to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software.
Deal terms are not being disclosed. The transaction is expected to close in the second quarter of 2022, subject to typical closing conditions. At that time, Granulate’s approximately 120 employees will be integrated into Intel’s Datacenter and AI business unit.
With the acquisition, Intel will rapidly scale Granulate’s optimization software, including across Intel’s data center portfolio.
Led by Asaf Ezra, co-founder and CEO, Granulate provides an autonomous optimization service that enables cloud and data center customers to improve the performance of their deployments, reduce operational overhead and lower application costs.
While cloud computing and microservices have created a new era of flexibility in distributed applications and deployment scalability, modern architectures have introduced more complex performance issues that are not easily managed by traditional operating systems and runtimes. Additionally, customers often deploy older Linux distributions and application libraries that are not up to date with the latest advancements in today’s high-performance CPUs. Granulate’s autonomous optimization service solves these issues by reducing CPU utilization and application latencies. It does this by learning the customer’s application and deploying a customized set of continuous optimizations at runtime. This enables deployment on smaller compute clusters and instance types to improve application performance and drive down cloud and data center costs. The service does not require developer intervention nor does it require the customer to make changes to its own code. Optimizations for the latest CPUs can be applied even on legacy Linux distributions and runtimes.
Intel and Granulate’s relationship began in late 2019, when Granulate was part of the first graduating class of Intel® Ignite. Over the past year, the two companies have worked together under a commercial agreement to collaborate on workload optimization on Xeon deployments.
FinSMEs
31/03/2022