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Hailo lands $120 million in an extension to Series C led by Israeli businessman Alfred Akirov, Delek Motors, and OurCrowd to bring AI to edge devices.

Hailo lands $120 million in an extension to Series C led by Israeli businessman Alfred Akirov, Delek Motors, and OurCrowd to bring AI to edge devices.

04/02/24, 1:45 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IL.svgtel aviv
Money raised
$120 million
Industry
machine learning
security
artificial intelligence
manufacturing
Round Type
series c
Investors
Our Crowd, Delek Motors, Alfred Akirov
Hailo, a company specializing in AI chips for edge devices, has secured $120 million in an extension to its Series C funding round. The investment comes from backers such as Israeli businessman Alfred Akirov, automotive importer Delek Motors, and the VC platform OurCrowd.

Company Info

Company
Hailo
Location
tel aviv, tel aviv district, israel
Additional Info
Hailo’s mission is to enable smart edge technologies to reach their full potential. Our solutions bridge the gap between existing and future AI technologies, providing the compute capacity needed to power these applications. Our industry-leading edge AI processors feature high compute power at a high power efficiency and cost efficiency. One small, low-power and self-contained chip can process high-resolution videos in real-time or multiple video streams and neural network models simultaneously, all within a small power budget and rigid heat dissipation constraints. Our product portfolio includes AI accelerators and AI vision processors . We offer a range of standard form-factor modules and an on-PCB design track, as well as a robust and mature software toolchain.

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