Rumors are that the company ran out of money. Can anyone shed any light on the context surrounding the acquisition?
interested to know the deal size. news is everywhere but no one saying the deal value.
My friend works there and OP is right. They were trying to raise money and the product wasn’t going anywhere apparently. I don’t think the deal price is good.
Rumor I heard was around $300M . Employees didn’t make anything
:((((
Is that number accurate @hfdcvc ?
Very bad, such a promising company with such experienced founders.
Bought by Intel :(
Ohh yes, I just read the news. Seems like Intel got it. Curious to know the price.