By Meir Orbach
Publication Date: 2026-02-23 15:45:00
Nvidia has acquired Israeli startup Illumex, Calcalist has learned. Financial terms were not disclosed, though the deal is estimated to be in the region of $60 million. The company has raised about $13 million to date in a Seed round.
Investors in Illumex include Cardumen Capital, Amdocs Ventures, Samsung Ventures, ICI Fund, Jibe Ventures, Iron Nation Fund, Ginnosar Ventures, ICON Fund, Today Ventures, and angel investors.
Illumex was founded in 2021 by Inna Tokarev Sela, a former AVP & Head of AI at Sisense and Senior Director of Machine Learning at SAP. The company is a graduate of the Intel Ignite and ICON accelerator programs. Following the acquisition, Illumex’s employees joined Nvidia.
An NVIDIA spokesperson said: “We’re excited to welcome the Illumex team to NVIDIA. Their deep expertise in building ontologies will help us accelerate the development of libraries and models to enable enterprise adoption of agentic AI.”
The company’s Generative Semantic Fabric (GSF) platform transforms an enterprise’s organizational corpus of knowledge into AI-ready, context-rich business language embedded into semantic ontologies. These business ontologies, which serve as a basis for data management, analytics, and agentic workflows, enable AI agents to interpret prompts with precision, eliminating hallucinations, ensuring compliance, and reducing TCO by up to 80%.
Illumex helps organizations to overcome data challenges that hinder generative AI (GenAI) initiatives by automating the…
