Intel buys Indian origin Founders' startup for $300 mn
American technology major Intel has acquired Indian origin entrepreneurs - Mahesh Lingareddy and Mohammad A Abdallah's startup Soft Machines for $300 million in a cash and stock deal. Founded in 2006, Silicon Valley-based Soft Machines is a semiconductor startup. All the professionals at Soft Machines have become part of Intel. Until now, the startup had raised close to $175 million.