Confirmed: Amazon is buying Annapurna Labs

Amazon has indeed agreed to purchase Annapurna Labs, a super-stealthy Israeli company that is reportedly working on new chip technology. Talks were first reported in Israeli financial newspaper Calcalist and picked up by Reuters and others.

An Amazon spokesperson confirmed the acquisition via email Thursday afternoon but provided no detail.

Annapurna Labs was privately owned by Avigdor Willenz, who founded Marvell Semiconductor in 1992, with additional investment from ARM, the British chip maker and Walden International a VC firm, according to the original report. The purchase price was reportedly $350 million.

According to its LinkedIN page Annapurna Labs:

is a cutting-edge technology startup, established in 2011 by industry veterans. We are well funded, with sites in Israel and Silicon Valley. We are operating in stealth mode and can’t share much about our company, but we’re hiring on an exclusive basis, seeking smart, aggressive, multi-disciplinary engineers and business folks, with focus on teamwork in a group of highly talented team.

It would make sense for [company]Amazon[/company] to invest in cutting-edge chip technology given that its Amazon Web Services arm is always in the hunt for faster, more efficient infrastructure.