Hailo, a pioneer in edge AI processors, has announced a significant funding milestone of $120 million, catapulting its total investment to over $340 million. This financial injection accompanies the launch of its revolutionary Hailo-10 GenAI accelerator, signaling a transformative leap towards embedding generative AI directly into edge devices across sectors like personal computing and automotive industries. The latest round of funding saw participation from both existing and new investors, including the Zisapel family, Gil Agmon, Delek Motors, and Alfred Akirov, among others. Hailo's CEO and Co-Founder, Orr Danon, expressed excitement about the company's future trajectory, emphasizing how the funding positions them strategically for growth opportunities while unveiling the game-changing Hailo-10 GenAI accelerator.

Established in 2017 in Israel, Hailo has swiftly emerged as a key player in the AI chip sector, serving a clientele of over 300 customers worldwide. With a global presence spanning from the United States to Asia, Hailo's innovative processors deliver data center-level AI performance directly on edge devices, redefining traditional computer architecture and enabling real-time deep learning tasks with unparalleled efficiency. The Hailo-10 accelerator promises to revolutionize user experiences by empowering the execution of GenAI applications locally, eliminating the reliance on cloud-based services. Danon underlined the transformative potential of Hailo-10, stressing its seamless integration of GenAI capabilities into daily life, enhancing productivity, and addressing privacy concerns by processing data locally.

Distinguishing itself with superior performance-to-cost and performance-to-power consumption ratios, the Hailo-10 supports a wide array of applications while ensuring sustainability. Compatible with Hailo's comprehensive software suite, it offers seamless integration across diverse devices and platforms, setting a new benchmark for edge AI accelerators with its capacity to perform up to 40 tera operations per second (TOPS). Danon highlighted Hailo-10's versatility in running complex models within an ultra-low power envelope, setting new standards in the field. Anticipated sample shipments of the Hailo-10 GenAI accelerator in Q2 of 2024 position Hailo at the forefront of ushering generative AI into the mainstream, fundamentally transforming how users interact with technology.