Hailo Closes Latest Funding Round for AI-Powered Processors and Launches Hailo-10 GenAI Accelerator

Hailo, a startup that was founded in February 2017 by graduates of the Elite Technological Unit of the Intelligence Corps, has announced that it has closed its latest funding round. This news comes as the company prepares to launch its new Hailo-10 GenAI accelerator, which will enable users to bring classic AI and GenAI to edge devices. With offices in several countries and a network of distributors worldwide, Hailo serves over 300 customers globally.

The closure of this funding round will allow Hailo to leverage all the exciting opportunities it has in store and pave the way for its long-term growth. The company’s processors are a rethinking of traditional computing architecture, enabling smart devices to perform sophisticated tasks while minimizing power consumption and cost. These processors are intended for integration in various sectors, including automotive, security, computing, industry, and retail.

Hailo-10 is an accelerator that empowers edge devices with GenAI. By transitioning AI processing from the cloud to end devices, Hailo ensures continuous access to GenAI services, real-time processing, improved privacy, and reduced carbon footprint. The accelerator achieves up to 40 TOPS and is faster and more energy-efficient compared to integrated NPU solutions. This advancement in technology enables users to run a wide range of AI applications seamlessly across different end devices and platforms.

Hailo-10 will start selling units in the second quarter of 2024. Users will be able to use this technology in personal computers and in-vehicle systems to automate translation, summarize information or create images and videos based on text commands without burdening their CPU or draining their battery. This advancement marks a significant step forward in making AI an integral part of our daily lives.

Overall, the launch of Hailo-10 GenAI accelerator represents a strategic move for the company as it positions itself at the forefront of bringing creative artificial intelligence capabilities into users’ daily lives. With its innovative processors and cutting-edge technology products like Hailo-10 accelerator, Hailo continues to push boundaries when it comes to leveraging emerging technologies for practical use cases.

As CEO Or Danon stated: “Closing our new funding round allows us to leverage all the exciting opportunities we have in store and paves the way for our long-term growth.”