Nvidia acquires illumex
Categories: Corporate and M&A, Hi-Tech
Nvidia, the US-based global leader in AI chips and computing infrastructure, has acquired Israeli startup illumex, a Tel Aviv–based enterprise AI data company founded in 2021.
illumex develops a platform that structures and contextualizes organizational data through a semantic layer, enabling generative AI systems to operate more accurately and reduce hallucinations in enterprise environments. The deal is reported at approximately USD 60 million.
Herzog, Fox & Neeman represented illumex on the transaction. The Herzog team was led by partners Yair Geva, Lior Katz, and Nathan Wiesenberg, and associates Yarden Elter, Rasha Zoabi.
