Hailo Secures $120M in Extended Series C Funding to Propel Edge AI Processor Innovation and Launch GenAI Accelerators

Hailo, an edge AI chipmaker, revolutionizes smart device capabilities with AI processors, facilitating real-time deep learning tasks across various sectors.

source: Hailo

Company Name: Hailo
Location: Tel Aviv, Israel
Sector: Edge Artificial Intelligence (AI) Processors
Funding Details: Raised $120m in extended Series C funding.
Purpose of Investment: To continue to expand operations and development efforts.
Leadership: Led by CEO and Co-Founder Orr Danon.

Product: Specialized AI processors for edge devices offering data center-class performance with minimal power consumption, size, and cost.

About Company: Hailo, an edge AI chipmaker, revolutionizes smart device capabilities with AI processors, facilitating real-time deep learning tasks across various sectors. With the introduction of Hailo-10 GenAI accelerators, the company emphasizes local GenAI application ownership and operation, marking a significant step in the decentralization of GenAI services.

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