Amazon acquires Annapurna Labs for $350m

Amazon

The Yokne'am-based company, Amazon's first Israeli acquisition, is building an innovative semiconductor platform.

Amazon is acquiring Israeli company Annapurna Labs. The online trading company has confirmed the acquisition of the Yokne'am-based semiconductor company this evening. No financial details were disclosed but sources believe the acquisition is for about $350 million.

Very little is known about Annapurna Labs, which was founded by Avigdor Willenz in 2011. The company describes itself as building the next generation semiconductor platform.

Annapurna Labs will be integrated into Amazon Web Services. This is Amazon's first acquisition in Israel and there is speculation that Annapurna Labs will form the basis of an Amazon development center in Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on January 23, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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