Anobit closes new funding round of $32 million led by Intel Capital

HERZELIYA PITUACH, ISRAEL: Anobit has closed a new funding round of $32 million, raising the total funding of the company to over $70 million. This new investment round was led by Intel Capital and includes new funding from strategic investors and Anobit’s current investors. Intel Capital’s funding was announced earlier today at its annual Intel Capital CEO Summit.

“This funding will help accelerate the expansion of Anobit’s core business operations and enable the company to meet surging demand for its technology and products, used today by world leading NAND flash manufacturers, consumer electronics vendors and storage solution providers,” said Prof. Ehud Weinstein, Anobit’s CEO and chairman.

“Anobit is well positioned to help change the economics of the NAND-based technology landscape with a critical enabling technology for a new generation of performance and memory-intensive computing systems,” said Uri Arazy, director, Intel Capital Israel. “This funding also reflects Intel’s continued commitment to investing in the Israeli technology market.”