The company previously received an investment from the Mellanox venture capital fund that Anvidia inherited. However The Marker website reports that it has bought only the intellectual property and some of the employees
Nabidia bought the start-up Accelero. This was reported by The Marker website. The report states that Anvidia has purchased the intellectual property and part of the company’s staff. The purchase value is less than the amount that the company has raised over its years of existence – about $ 45 million.
Accelero was a promising company that developed high-performance storage solutions for network infrastructure, databases, technical computing, high-performance computing and machine learning. It recorded revenue, and its clients included NASA, GE, Hollow, PayPal and LinkedIn, but it grew at a rate that was not enough for investors.
In the news about Mellanox’s investment in 2017, Lior Gal, then CEO of Excelero, was quoted as saying. “The network with Mellanox’s reduced latency capabilities, along with the leading RDMA backup array on Ethernet and Infiniband, help us deliver the fastest distributed storage solutions to our customers. We have a good relationship with Mellanox and we welcome their investment in Excelero. ”