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Mellanox Acquires Network Intelligence Startup Titan IC

Titan’s 30 employees will be integrated into Mellanox, and its office will become Mellanox’s network intelligence research and development center

Adi Pick 12:2603.03.20
Israeli chipmaker Mellanox Technologies Ltd. has acquired Belfast, Northern Ireland-based network intelligence startup Titan IC Systems, the former announced Tuesday. The financial details of the acquisition were not disclosed.

 

Founded in 2007, Titan IC has raised $3.6 million to date, according to Pitchbook data. All of Titan’s approximately 30 employees will be integrated into Mellanox, and its office will become Mellanox’s network intelligence research and development center, a Mellanox company spokesperson said in a Tuesday interview with Calcalist.

 

Eyal Waldman. Photo: Orel Cohen Eyal Waldman. Photo: Orel Cohen
Mellanox is headquartered in Israeli northern town Yokne'am and has development centers in Tel Aviv, Ra'anana, Kiryat Gat, Be’er Sheva, and Tel-Hai. The company also has centers in three Palestinian cities—Gaza, Nablus, and Rawabi—and additional centers in the U.S., Ukraine, China, India, Denmark, and Singapore.

 

In March 2018, Mellanox announced a deal with Nvidia Corp., to be acquired by the latter for $6.9 billion. The deal is currently awaiting regulatory approval in China.