Exclusive: Avigdor Willenz’s Element Labs raises $50m

“Globes” learned that “Globes” has collected “Globes” that “Globes” has collected “Globes” that “Globes” has collected “laboratories starting up to start emerging elements of Israel Age at 50 players of Israeli chips, the pioneer of Israeli serial chips, has collected “Globes” that “the Israeli serial segment pioneers, Avigdor Wellens, created in the field of operating start raising $ 50 million in the evaluation of the company of $ 500 million. The sources added that the funding round was led by the American insurance company Fidelity, which invests in private technology companies, with the participation of the investment company Atreides, which previously invested in other companies founded by Willlenz. This is the first institutional investment tour raised by Element Labs, which develops artificial intelligence treatments for inferring, which is the stage in which artificial intelligence models are activated after already training.

Element Labs are located in Tel Azrieli Towers and have more than 100 employees, and many of them are former employees at Habana Labs. Element Labs executives refuse to speak to the media and employees on social media, such as LinkedIn, do not mention the company.

Willenz established Habana Labs to Intel for two billion dollars, after it has previously sold Annapurna Labs to Amazon for $ 380 million and Galileo to Marvel Technologies for two billion dollars. Two years ago, Wellins told “Globes” that he moved to Switzerland and reduced his activities in Israel in response to the government's judicial reform, but now it seems that with the elements laboratories, he is participating again in a major Israeli startup.

The elements laboratories refused to respond to this report.

Serial businessman who sold companies by billions

Element Labs was established by a great respectful team in the world of investment: Willenz and the founders of Habana Labs – David Dahan and Ran Halutz. Wellins was also a partner in investing in Havana Labs, and has brought a new startup in one of his former colleagues, Manuel Alba-Marquez, his former partner in Galileo, as an early investor. The association with Willlenz and Habana Labs opens doors for the element laboratories in each major chips and every electronics company. The former Willenz partner in Israeli investments, Lip-Bu Tan, CEO of the month of Intel, was appointed last month.

This is a funding tour of the company for the company, after it had previously raised the capital mainly from its founders, the owners of serial projects who previously sold billions of dollars. Element Labs is already in an advanced stage. This funding aims to bring him to complete the first chain of chips and start production tests (Type-Out) in TSMC factories, the permanent chips factory for Willenz startup companies, which have already produced Labs Labs and Habana Labs chips in the past.

It was published by Globes, Israel Business News – En.globes.co.il – on April 14, 2025.

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