Israeli serial chip entrepreneur Avigdor Willenz’s newest startup Ingredient Labs has raised $50 million at an estimated firm valuation of $500 million, “Globes” has discovered. The sources added that the financing spherical was led by US insurance coverage firm Constancy, which invests in privately-held tech firms, with participation from funding agency Atreides, which has beforehand invested in different firms based by Willenz. That is the primary institutional funding spherical raised by Ingredient Labs, which is growing AI processors for inference, the stage by which AI fashions are activated after they’ve already been skilled.
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Ingredient Labs places of work are in Tel Aviv’s Azrieli Towers and it has over 100 staff, lots of them former staff of Habana Labs. Ingredient Labs executives decline to speak to the media and staff don’t point out on social media websites like LinkedIn that they work for the corporate.
Willenz based and bought Habana Labs to Intel for $2 billion, having beforehand bought Annapurna Labs to Amazon for $380 million and Galileo to Marvell Applied sciences for $2 billion. Two years in the past Willenz informed “Globes” that he had moved to Switzerland and diminished his actions in Israel in response to the federal government’s judicial reform however it now appears that with Ingredient Labs he’s once more concerned in a significant Israeli startup.
Ingredient Labs declined to reply to this report.
Serial entrepreneur who bought firms for billions
Ingredient Labs was based by a extremely revered staff within the funding world: Willenz and the founders of Habana Labs – David Dahan and Ran Halutz. Willenz was additionally a accomplice within the funding in Havana Labs and the brand new startup introduced in one in all his former colleagues, Manuel Alba-Marquez, his former accomplice in Galileo, as an early investor. The affiliation with Willenz and the founders of Habana Labs opens doorways for Ingredient Labs in each main chip manufacturing facility and each electronics firm. Willenz’s former accomplice in Israeli investments, Lip-Bu Tan was appointed Intel CEO final month.
That is the corporate’s Sequence A financing spherical, after beforehand elevating capital primarily from its founders, serial entrepreneurs who’ve beforehand bought firms for billions of {dollars}. Ingredient Labs is already at a sophisticated stage. The funding is meant to deliver it to finish the primary sequence of chips and to start manufacturing assessments (type-out) at TSMC factories, the everlasting chip manufacturing facility of Wilenz’s startup firms, which has already produced the chips for Annapurna Labs and Habana Labs previously.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 14, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
