Hailo, an Israeli AI startup, expands its Series A Round to $21 Million

Hailo, an Israeli AI startup, expands its Series A Round to $21 Million

Hailo, an AI startup, has expanded its Series A funding round to $21 million to power up its deep learning processor.

The Glory Ventures, a Chinese venture capital firm, led the latest investment round. Existing and new investors also joined the latest funding round.

Founded in 2017, Israel headquartered Hailo is working on a specialized deep learning processor with their proprietary technology. Their deep learning processor is capable of empowering intelligent devices with the performance matching to that of a data center-class computers and operating in real time with minimal power consumption, size, and cost. The Hailo processor can be used in high-resolution video and other high-throughput streams processing devices

The latest investment will allow Hailo to expand into China and Hong Kong markets in addition to its existing markets in Europe, North America, Japan and Korea.

Executive Opinion

Hailo Chief Executive Officer (CEO) and co-founder, Orr Danon, said, "The expansion of our Series A round and the addition of Glory Ventures to our investor roll boosts our ability to bring out innovative, powerful and resilient deep learning processors for edge devices, and helps us target the strategic markets of China and Hong Kong. The upcoming samples of our Hailo-8 processor will help players in multiple markets overcome the daunting barriers of sufficiently low power consumption, size, and cost which currently prevent them from deploying intense deep learning capabilities in their edge products."

Founding partner at Glory Ventures, Eric Yang, said, "We have been following the AI compute global landscape closely and found Hailo's technology to stand out. We are impressed with the Hailo team and their ability to execute. We look forward to continuing our relationship with them as AI becomes a 'must-have' technology in every camera-enabled device."

Hailo-8 Fast Track program

Hailo has opened registration for the Hailo-8 Fast Track program to select customers who like to introduce state-of-the-art AI capabilities to their edge devices. 

Customers will have the opportunity to evaluate the initial samples of its high-performance, low-power, and small-size Hailo-8 deep learning processor.  Hailo Fast Track program customers will be able to evaluate the performance, develop and prototype deep learning products based on the Hailo-8 deep learning processor.

The announcement further said that Hailo's processor can serve deep learning markets in different fields such as surveillance, smart home, IoT and industrial, as well as robotics, AR/VR platforms, and wearables. However, Hailo's strategically targetings automotive markets.


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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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