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INDUSTRY FIRST

Hailo lands $120 million in an extension to Series C led by Israeli businessman Alfred Akirov, Delek Motors, and OurCrowd to bring AI to edge devices.

Apr 02, 2024over 1 year ago

Amount Raised

$120 Million

Round Type

series c

Tel AvivMachine LearningSecurityArtificial IntelligenceManufacturing

Investors

Our CrowdDelek MotorsAlfred Akirov

Description

Hailo, a company specializing in AI chips for edge devices, has secured $120 million in an extension to its Series C funding round. The investment comes from backers such as Israeli businessman Alfred Akirov, automotive importer Delek Motors, and the VC platform OurCrowd.

Company Information

Company

Hailo

Location

Tel Aviv, Tel Aviv District, Israel

About

Hailo’s mission is to enable smart edge technologies to reach their full potential. Our solutions bridge the gap between existing and future AI technologies, providing the compute capacity needed to power these applications. Our industry-leading edge AI processors feature high compute power at a high power efficiency and cost efficiency. One small, low-power and self-contained chip can process high-resolution videos in real-time or multiple video streams and neural network models simultaneously, all within a small power budget and rigid heat dissipation constraints. Our product portfolio includes AI accelerators and AI vision processors . We offer a range of standard form-factor modules and an on-PCB design track, as well as a robust and mature software toolchain.

FundzWatch™ Score

72
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech