Hailo Secures $120 Million to Advance AI Chip Technology

The funding boosts Hailo's total investment to over $340 million, marking significant progress in the competitive AI chip market.

Hailo, an Israel-based AI chipmaker, has raised $120 million in a new funding round, bringing its total investment to more than $340 million since its inception in 2017.
The company has launched the Hailo-10 high-performance generative AI accelerator, aiming to enable GenAI applications to run locally on edge devices without cloud dependency.
Hailo's technology is designed to address the challenges of latency, cost, and scalability associated with cloud-based AI, offering solutions that operate independently of the cloud.
With over 300 global customers, including in industries such as automotive, security, and medical devices, Hailo is positioned to expand the reach and impact of AI technology on edge devices.
The funding and technological advancements come amid a challenging climate for AI chip startups, with Hailo standing out as a success story in a field increasingly dominated by giants like Nvidia.