Hailo, a leader in edge artificial intelligence (AI) processors, has successfully extended its Series C fundraising round with an additional $120 million investment, elevating its valuation to over $1 billion. This development underscores the growing investor interest in startups capable of mitigating the global chip shortage and advancing generative AI technologies. The funding coincides with the introduction of Hailo's Hailo-10 high-performance generative AI accelerators, designed to empower users to operate GenAI applications locally on edge devices, bypassing the need for cloud-based services.
According to Hailo CEO and Co-Founder Orr Danon, the Hailo-10 accelerator enables users to run GenAI applications directly on their PCs or other edge systems without overburdening the CPU or depleting battery life. This innovation not only reinforces Hailo's dominance in delivering superior performance-to-cost and performance-to-power consumption ratios but also opens up a plethora of applications across personal computers, smart vehicles, and commercial robots. The Hailo-10 accelerator sets a new benchmark for edge AI accelerators with its capability to perform up to 40 TOPS, outperforming existing integrated neural processing unit solutions in both speed and energy efficiency.
Since its inception in 2017, Hailo has emerged as a key player in the AI chip market, catering to over 300 customers worldwide. The recent financial injection and the debut of the Hailo-10 GenAI accelerator are poised to revolutionize the way classic and generative AI is integrated into edge devices, significantly broadening the technology's applicability and influence. For more information on Hailo's advancements, visit https://www.hailo.ai.
