Hailo Secures $120 Million in Funding and Debuts Hailo-10

Hailo, a unicorn startup founded in 2017 by graduates of the Elite Technological Unit of the Intelligence Corps, has announced a new funding round that will fuel their long-term growth. The recent launch of their Hailo-10 GenAI accelerator has positioned them strategically to bring classic AI and GenAI to edge devices, expanding the deployment and impact of this vital technology.

Hailo is a company that specializes in designing processors for smart devices that perform complex deep learning tasks efficiently while minimizing power consumption, size, and cost. With offices in various countries and a strong network of distributors worldwide, they cater to over 300 customers. Their unique processors have set a new standard for AI accelerators by offering faster and more energy-efficient solutions compared to traditional processors.

The new Hailo-10 GenAI accelerator enables users to fully own their creative artificial intelligence experiences by shifting AI processing from the cloud to end devices like personal computers, smart cars, and robots. This innovation ensures continuous access to GenAI services, real-time processing, improved privacy, and reduced carbon footprint. With Hailo-10’s support for various AI applications across different devices and platforms, users can run a wide range of tasks seamlessly while conserving energy.

Or Danon, CEO and co-founder of Hailo expressed excitement about closing their new funding round stating that it will allow the company to seize the opportunities ahead and fuel their long-term growth. The launch of Hailo-10 GenAI accelerator is an example of their commitment to delivering cutting-edge technology that revolutionizes the AI landscape.

By Sophia Gonzalez

As a content writer at newsgreg.com, I am dedicated to crafting engaging stories that captivate our readers. With a knack for turning complex topics into accessible and compelling narratives, I weave words together to inform and inspire. My passion lies in delivering accurate and thought-provoking content that keeps our audience informed and entertained. From breaking news stories to in-depth features, I strive to bring a fresh perspective to every piece I create. Join me on this journey of exploration and discovery through the power of words at newsgreg.com.

Leave a Reply