Granulate Acquisition, Valuation, Funding & Investors
Granulate was acquired by Intel for $650M in March 2022, a 59.1x multiple on $11M of revenue.
Granulate revenue at acquisition
$11M
Last twelve months · Mar 2022
Granulate revenue multiple at acquisition
59.1x
EV/Revenue · Mar 2022
Cumulative funding Granulate raised
$46M
across 3 funding rounds
About Granulate
Granulate is a Tel Aviv-headquartered continuous optimization platform that uses AI to enhance application performance on Linux servers. Deployed in data centers and hybrid clouds, its agents dynamically tune CPU scheduling and memory allocation based on workload patterns. Granulate supports Kubernetes and VMware environments for enterprises like Intel and Samsung. Founded in 2018, the company was acquired by Intel in 2022 and now operates under Intel's software division.
Founded
2018
HQ
Tel AvivWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based
Revenue
$11M (Mar 2022)
Valuation
$650M (acquired Mar 2022)
Granulate Acquisition
Granulate was acquired by Intel for $650M on 31 March 2022.
The acquisition price implies a 59.1x revenue multiple on $11M of revenue.
Before the acquisition Granulate had raised $46M across 3 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 31 Mar 2022 | Strategic M&A | $650M | 59.1x |
Granulate Funding History
Granulate has raised a total of $46M across 3 funding rounds.
Granulate's first fundraising round was a $4M seed round in January 2019. The most recent completed round was a $30M Series B in February 2021.
Granulate funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2021 | Series B | Red Dot Capital Partners (lead); Hetz Ventures; TLV Partners; Insight Partners; Dawn Capital; Cerca Partners | $30M | Granulate is a Tel Aviv-based startup that built software for organizations to optimize workloads and reduce latency, enabling customers to handle infrastructure loads more intelligently and cost-effectively. The company's solution addresses the growing need for optimization tools as media-heavy content and e-commerce services increasingly rely on efficient responsiveness to minimize customer abandonment. In February 2021, Granulate announced a $30 million Series B round led by Red Dot Capital Partners, with participation from previous backers Insight Partners, TLV Partners, and Hetz Ventures, as well as new investor Dawn Capital. This round brought total capital raised to $45 million, following the company's $12 million Series A closed in April 2020. The timing of the Series B reflected strong market demand and exceptional business growth, with customer growth up 360% and revenues growing 570% in the ten-month period prior to the announcement. The company did not disclose its post-money valuation for this round. Granulate would later be acquired by Intel for $650 million, representing a significant exit for the venture investors. |
| Apr 2020 | Series A | Insight Partners (lead); Hetz Ventures; TLV Partners; Benny Sneider | $12M | Granulate is an Israeli software company founded in 2018 that optimizes infrastructure and workload performance in real-time using machine learning, enabling businesses to cut compute costs and improve web infrastructure efficiency. The company helps organizations achieve 20% to 80% boosts in hardware performance without configuration changes or cloud resource adjustments. At the time of the round, Granulate had 20 employees and planned to triple its workforce across R&D, sales, and marketing. On April 22, 2020, Granulate raised $12 million in a Series A funding round led by Insight Partners, with participation from TLV Partners and Hetz Ventures. This brought total capital raised to $15.6 million. Lonne Jaffe from Insight Partners joined the board. The funds supported global expansion and growth amid the COVID-19 economic slowdown. The pitch occurred over Zoom due to pandemic restrictions, as noted by CEO Asaf Ezra. Investors highlighted Granulate's differentiated offering for high-performance digital experiences at lower costs, positioning it well for cost-saving needs during the downturn. |
| Jan 2019 | Seed | Hetz Ventures; TLV Partners | $4M | - |
Who has invested in Granulate?
7 investors have backed Granulate across its funding rounds, including TLV Partners, Hetz Ventures, Insight Partners, Dawn Capital, Cerca Partners and Red Dot Capital Partners.
Lead investors include Red Dot Capital Partners and Insight Partners.
Granulate Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Tel Aviv | 3 | Participant | Jan 2019 | |
| Tel Aviv | 3 | Participant | Jan 2019 | |
 New York City, NY | 2 | Lead | Apr 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Benny Sneider | Israel | 1 | Participant | Apr 2020 |
 London | 1 | Participant | Feb 2021 | |
This data is available for Pro users. Sign up to see all 7 Granulate investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGranulate Competitors
Granulate competitors include listed companies like Reconova Technologies and PKSHA Technology, and private ones like Pliops, Upstage, Applied Compute and Pryon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Israel | Private | - | - | $650M | - | |
 Yongin | Private | $14M | - | $661M | - | |
 China | Publicly listed | $66M | ($8M) | $635M | - | |
| San Francisco, CA | Private | - | - | $630M | - | |
 Japan | Publicly listed | $140M | $47M | $627M | 2.4x | |
| Raleigh, NC | Private | - | - | $625M | - |
Granulate Public Comps
Granulate is no longer listed, but its public comps include Reconova Technologies, PKSHA Technology, ExaWizards, Beijing Hanyi Innovation, Beijing CTJ Info Tech, Ropeok Technology Group, Rezolve AI, Datasection, Vrain Solution and Rackspace.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $216M | $27M | 1.6x | 1.6x | 12.7x | 13.0x | |||
This data is available for Pro users. Sign up to see all Granulate competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Granulate
| When was Granulate founded? | Granulate was founded in 2018. |
| Where is Granulate headquartered? | Granulate is headquartered in Tel Aviv, Israel. |
| Is Granulate publicly listed? | No, Granulate was acquired by Intel in March 2022. |
| Who acquired Granulate? | Granulate was acquired by Intel in March 2022. |
| How much was Granulate acquired for? | Granulate was acquired for $650M in March 2022, a 59.1x revenue multiple. |
| How much funding has Granulate raised? | Granulate has raised $46M across 3 funding rounds. |
| What was Granulate's last funding round? | Granulate's last funding round was a $30M Series B in February 2021, led by Red Dot Capital Partners. |
| Who are Granulate's investors? | Granulate's investors include Hetz Ventures, TLV Partners, Insight Partners, Benny Sneider, Dawn Capital, Red Dot Capital Partners and Cerca Partners. |
| Which companies are comparable to Granulate? | Companies comparable to Granulate include Pliops, Upstage, Reconova Technologies, Applied Compute, PKSHA Technology and Pryon. |
See companies similar to Granulate
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.