Hailo Secures $120m in Series C Funding

Hailo, the Israeli AI edge processor specialist, has recently secured an impressive $120 million in funding from a Series C round, bringing the company's total funding to a substantial $340 million. The investment comes from a variety of sources, including the Zisapel family, Gil Agmon, DelekMotors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and PoalimEquity.

This significant funding boost coincides with the launch of Hailo's latest innovation, the Hailo-10 GenAI accelerators. These cutting-edge accelerators empower users to own and operate GenAI applications locally, eliminating the need to rely on cloud-based GenAI services.

"We designed Hailo-10 to seamlessly integrate GenAI capabilities into users' daily lives, freeing them from the constraints of cloud networks," explains Orr Danon, co-founder and CEO of Hailo. The Hailo-10 leverages the same software suite utilized in the Hailo-8 AI accelerators and the Hailo-15 AI vision processors, facilitating the integration of AI capabilities across various edge devices and platforms.

By enabling GenAI at the edge, Hailo ensures continuous access to GenAI services, irrespective of network connectivity. This approach addresses concerns related to network latency, enhances privacy by anonymizing personal information, and promotes sustainability by reducing reliance on the processing power of cloud data centers.

Hailo-10 unlocks the potential of GenAI on edge devices such as personal computers, smart vehicles, and commercial robots, allowing users to seamlessly incorporate GenAI experiences into their daily routines. Danon emphasizes, "As GenAI on the edge becomes immersive, the focus shifts to handling large LLMs in the smallest possible power envelope, typically less than five watts."