AI chipmaker company Hailo has raised $136 million in Series C funding which is one of the biggest funding in the history of AI chip market. As there has been a global semiconductor shortage this funding will help in a boom in demand for its technology. Paolim Equity and Gil Agmon co-led the round, which also included previous investors ABB Technology Ventures, Latitude Ventures, and OurCrwod, as well as new investors Carasso Motors, Shlomo Group, Comasco, Talcar Corporation Ltd., and Automotive Equipment. From the previous Rounds funding and this funding, the company has generated a total of around $224 million. This funding will be used to address surging interest in the Hailo-8 AI Processor for Edge Devices, allowing the company to further develop its next-generation products and expand into both new and existing global markets in a world where demand for advanced, intelligent AI chips for countless industries is skyrocketing.israeli ai 224mlundentechcrunch hailo 136m series.
“We are honoured by this milestone round for an edge AI chip company and will use these significant resources to accelerate our aggressive plan to make advanced AI edge solutions more accessible to industries around the world,” said Orr Danon, Hailo’s CEO and Co-Founder. “This tremendous support is a testament to our unparalleled edge AI product line, and we look forward to empowering even smarter and swifter devices, and thus, a more robust future powered by AI.”
Sara Graves, the co-founder of US Title Loans also pays lots of attention to the AI chip market as it affects a lot to our digital daily life, and she feels confident about our AI chip market will become better.
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The Hailo-8, with its unique, reimagined architecture based on neural networks of the human brain, delivers the same performance for smart devices as large data centre computers, paving the way for a future of smarter edge products. The Hailo chip enables businesses to harness the power of AI at lower costs and with greater efficiency. The companies values now stands at a market cap of around $1 billion which shows that the company is on a rise and growing significantly. The company with its technology in AI sector is bound to grow more in coming years.
Client Base and Expansion
Over the last two fiscal quarters of 2021, Hailo’s customer base has more than doubled to more than 100 clients, as more enterprises seek AI solutions that empower sensors and smart devices at lower costs, lower energy, and greater power. Over the last year, the company has expanded its global presence by opening offices in Tokyo, Taipei, Munich, and Silicon Valley. Furthermore, Hailo recently announced a collaboration with Macnica, Japan’s leading global semiconductor distributor. deepdotweb coadmin to prison
About Haiio
Hailo, an AI-focused chipmaker based in Israel, has developed a specialised Artificial Intelligence (AI) processor that delivers data center-class computer performance to edge devices. Hailo’s AI processor reimagines traditional computer architecture, allowing smart devices to perform sophisticated deep learning tasks like object detection and segmentation in real time while consuming little power, space, or money. The deep learning processor is designed to fit into a wide range of smart machines and devices, including automotive, industry 4.0, smart cities, smart homes, and retail, and is supported by its Hailo-8 M.2 and Mini PCIe high-performance AI acceleration modules.
