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 company also announced the launch of its Hailo-10 high-performance generative AI accelerators, designed to empower users to run GenAI applications locally on edge devices without relying on cloud-based services.
According to Hailo CEO and Co-Founder Orr Danon, the Hailo-10 accelerator enables users to directly operate GenAI applications on their PCs or other edge systems, significantly reducing CPU strain and battery consumption. This innovation not only reinforces Hailo's dominance in delivering superior performance-to-cost and performance-to-power consumption ratios but also opens up new possibilities for integrating GenAI into everyday devices. From personal computers to smart vehicles and commercial robots, the Hailo-10 accelerator is set to revolutionize how users interact with AI technologies.
The Hailo-10 accelerator boasts a remarkable capability of up to 40 TOPS, setting a new benchmark for edge AI accelerators in terms of speed and energy efficiency. This achievement is a testament to Hailo's commitment to pushing the boundaries of AI technology, enabling smart devices to perform complex deep learning tasks with minimal power consumption, size, and cost. Since its inception in 2017, Hailo has emerged as a global frontrunner in intelligent AI chips, catering to over 300 customers worldwide.
The combination of Hailo's recent funding success and the introduction of the Hailo-10 GenAI accelerator positions the company at the forefront of the AI revolution. By bringing both classic and generative AI to edge devices, Hailo is not only addressing the immediate challenges posed by the chip shortage but also paving the way for a future where AI technologies are more accessible and integrated into our daily lives. For more information on Hailo's innovations, visit https://www.hailo.ai.
