Intel plans to shut down Israeli startup Granulate

Intel recently announced plans to shut down its Israeli startup Granulate and lay off more than 100 employees. The company said this is part of Intel's transformation process to ensure that the product portfolio is in line with the company's strategic goals and core business. Granulate was founded in 2018 and mainly develops real-time, continuous optimization software to help cloud and data center customers improve computing workload performance and reduce infrastructure and cloud costs.