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.
Amount Raised
$120 Million
Round Type
Series C
Tel AvivManufacturingArtificial IntelligenceSecurityMachine LearningInvestors
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.
Quick answer
Hailo raised $120 Million in a Series C round, dated April 2, 2024. Investors: Our Crowd, Delek Motors and Alfred Akirov. Hailo is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Hailo raise?
- Hailo raised $120 Million in a Series C round on April 2, 2024.
- Who invested in Hailo?
- Our Crowd, Delek Motors and Alfred Akirov are named as investors in this round.
- What does Hailo do?
- Hailo, co-founded in 2017 by Orr Danon and Avi Baum, designs specialized chips to run AI workloads on edge devices, executing AI tasks with lower memory usage and power consumption than a typical processor.
- Where is Hailo based and how big is it?
- Hailo is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 236 employees.
- Who are the decision-makers at Hailo?
- Fundz holds 1 contact at Hailo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Security and Manufacturing around the same time
Companies in the same sectors as Hailo that raised within 45 days of this round, from Fundz verified event records.
- XTEND raised $40M (Series B) on May 8, 2024.
- Yoneda Labs raised $4M (Seed) on April 26, 2024.
- Dropzone AI raised $17M (Series A) on April 25, 2024.
- SKYX Platforms raised $1M (Seed) on April 11, 2024.
- Oden Technologies raised $29M (Series B) on April 10, 2024.
- SiMa.ai raised $70M (Funding Round) on April 4, 2024.
Who to call at Hailo, and when
A new round usually means Hailo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Hailo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hailo, from your own LinkedIn network
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Related People
Hailo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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