Friday, January 23, 2015

Amazon.com Buys Annapurna Labs For $350M

Seattle-based Amazon.com has acquired semiconductor design firm Annapurna Labs, in a deal reportedly worth between $350M and $375M. Annapurna Labs was in stealth mode, and had not announced any details of its products. Annapurna Lab swas venture backed by ARM and Walden International. The startup was based in Israel, with operations in Silicon Valley.