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Founded Year

1987

Stage

Acq - P2P | Acquired

Valuation

$0000 

Revenue

$0000 

About Cray

Cray (Nasdaq: CRAY) offers supercomputing solutions. It provides supercomputing solutions addressing customers' challenging, data-intensive workloads for making critical decisions. Cray's supercomputing systems handle data sets, converged modeling, simulation, artificial intelligence (AI), and analytics workloads. The company was founded in 1987 and is based in Seattle, Washington. In September 2019, Cray was acquired by Hewlett-Packard Enterprise.

Headquarters Location

901 Fifth Avenue Suite 1000

Seattle, Washington, 98164,

United States

206-701-2000

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Expert Collections containing Cray

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cray is included in 1 Expert Collection, including Artificial Intelligence.

A

Artificial Intelligence

11,383 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

Cray Patents

Cray has filed 176 patents.

The 3 most popular patent topics include:

  • printed circuit board manufacturing
  • computer memory
  • instruction processing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/30/2020

1/31/2023

Computer memory, Parallel computing, Instruction processing, Memory management, Instruction set architectures

Grant

Application Date

7/30/2020

Grant Date

1/31/2023

Title

Related Topics

Computer memory, Parallel computing, Instruction processing, Memory management, Instruction set architectures

Status

Grant

Latest Cray News

Hewlett Packard Enterprise To Acquire Juniper Networks For $14 Billion

Jan 10, 2024

HPE to acquire Juniper Networks for $14 billion in cash, in a move to bolster its AI networking credentials Hewlett Packard Enterprise (HPE), a veteran of the tech industry, has confirmed a multi billion dollar acquisition of Juniper Networks . HPE announced that Juniper has agreed to be acquired in an all-cash transaction for $40.00 per share, making the deal worth approximately $14 billion. That purchase price is a 32.4 percent premium to the stock’s close on Monday, before the deal was revealed. HPE said the deal is a “highly complementary combination … enhances secure, unified, cloud and AI-native networking to drive innovation from edge to cloud to exascale.” Image credit: HPE Juniper acquisition To put that in English, HPE’s networking business (that includes data centre networking) is the division that in its latest quarter delivered the fastest growth, and the acquisition will allow HPE to exploit Juniper’s network security and AI-enabled enterprise networking offerings. The acquisition will also help HPE better challenge networking powerhouse Cisco Systems. “The combination of HPE and Juniper advances HPE’s portfolio mix shift toward higher-growth solutions and strengthens its high-margin networking business, accelerating HPE’s sustainable profitable growth strategy,” HPE stated. The acquisition is expected to double HPE’s networking business, and should provide it with “a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value.” HPE noted the explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyse companies’ data from edge to cloud. It said that these trends, and AI specifically, will continue to be the most disruptive workloads for companies, and HPE has been aligning its portfolio to capitalise on these substantial IT trends with networking as a critical connective component. Specifically, HPE’s edge-to-cloud strategy will be improved with an ability to “lead in an AI-native environment based on a foundational cloud-native architecture.” Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting to HPE President and CEO Antonio Neri. “HPE’s acquisition of Juniper represents an important inflection point in the industry and will change the dynamics in the networking market and provide customers and partners with a new alternative that meets their toughest demands,” said HPE’s Neri. “This transaction will strengthen HPE’s position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers as we help bridge the AI-native and cloud-native worlds, while also generating significant value for shareholders,” said Neri. “I am excited to welcome Juniper’s talented employees to our team as we bring together two companies with complementary portfolios and proven track records of driving innovation within the industry,” Neri concluded. “Our multi-year focus on innovative, secure AI-native solutions has driven Juniper Networks’ outstanding performance,” added Juniper CEO Rami Rahim. “We have successfully delivered exceptional user experiences and simplified operations, and by joining HPE, I believe we can accelerate the next phase of our journey.” There is no word yet as to the job implications for the staff at HPE and Juniper. Tech veteran Hewlett-Packard is regarded as one of the founding companies of California’s tech homeland of Silicon Valley, after being founded in 1939 in a Palo Alto garage. HPE itself was created in the 2015 split of Hewlett-Packard , which saw HPE concentrating on enterprise software and networking, whereas HP focused on making PCs, laptops and printers. Since then HPE has mostly avoided making large acquisitions (after the Autonomy debacle ), although it did purchase veteran supercomputer maker Cray Inc for $1.3bn back in 2019.

Cray Frequently Asked Questions (FAQ)

  • When was Cray founded?

    Cray was founded in 1987.

  • Where is Cray's headquarters?

    Cray's headquarters is located at 901 Fifth Avenue, Seattle.

  • What is Cray's latest funding round?

    Cray's latest funding round is Acq - P2P.

  • Who are the investors of Cray?

    Investors of Cray include Hewlett Packard Enterprise, Laterman & Co., Clarion Capital Partners, Omicron Capital, Riverview Group and 3 more.

  • Who are Cray's competitors?

    Competitors of Cray include InspireSemi and 4 more.

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