O’Melveny Advises SigOpt on Sale to IntelNovember 10, 2020
FOR IMMEDIATE RELEASE
SILICON VALLEY—November 10, 2020—O’Melveny represented SigOpt, a San Francisco-based provider of a leading platform for the optimization of artificial intelligence (AI) software models at scale, in its sale to Intel Corporation (Nasdaq: INTC). Transaction terms have not been disclosed.
SigOpt’s AI software technologies deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics. Intel plans to use SigOpt’s software technologies across Intel’s AI hardware products to help accelerate, amplify and scale Intel’s AI software solution offerings to developers.
SigOpt’s customer base includes Fortune 500 companies across industries, as well as leading research institutions, universities and consortiums. SigOpt’s software technologies will continue to be available to data scientists and developers to enable better productivity and performance in solving real-life use cases and drive business value for customers.
The O’Melveny team was led by partner and head of O’Melveny’s Silicon Valley office Paul Sieben and included counsel Wenting Yu and associate Jennie Carpel.
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