Hailo, a Tel Aviv, Israel-based Artificial Intelligence chipmaker, raised $136m in Series C funding.
The round was led by Poalim Equity and Gil Agmon, joined by existing investors, including Hailo Chairman Zohar Zisapel, ABB Technology Ventures, Latitude Ventures, OurCrowd, and new investors, including Carasso Motors, Comasco, Shlomo Group, Talcar Corporation Ltd., and Automotive Equipment. In addition, Mooly Eden, former Senior VP at Intel Corporation, will join Hailo’s board of directors, and Eyal Waldman, Co-Founder and former CEO of Mellanox Technologies, will join its advisory board.
The company, which has raised $224m in total funding, intends to use the funds to address interest in the Hailo-8™ AI Processor for Edge Devices, to further develop its next-generation products and expand into both new and existing global markets.
Led by Orr Danon, CEO and Co-Founder, Hailo is an AI-focused, Israel-based chipmaker which has developed a specialized Artificial Intelligence (AI) processor that delivers performance of a data center-class computer to edge devices. The AI processor enables smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real time, with decreased power consumption, size, and cost. Supported by its Hailo-8™ M.2 and Mini PCIe high-performance AI acceleration modules, the deep learning processor is designed to fit into a multitude of smart machines and devices, impacting a wide variety of sectors including automotive, industry 4.0, smart cities, smart homes, and retail.
Hailo, which has more than 100 clients, has expanded its presence globally over the last year, opening offices in Tokyo, Taipei, Munich, and Silicon Valley. In addition, Hailo recently announced a partnership with Macnica, a leading global semiconductor distributor in Japan.
FinSMEs
12/10/2021