Hailo Raises $120 Million, Unveils Hailo-10 GenAI Accelerator for Edge Devices

Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, has announced the successful extension of its series C fundraising round with an additional investment of $120 million, bringing its valuation to more than $1 billion. This successful close is the ‘latest sign of investor enthusiasm for startups that can help address a global chip shortage and fuel the development of generative AI,’ according to Bloomberg.

In addition to the funding round, Hailo has also introduced its innovative Hailo-10 high-performance generative AI (GenAI) accelerators, which usher in an era where users can own and run GenAI applications locally, including on many edge devices, without registering to cloud-based GenAI services. As Hailo CEO and Co-Founder Orr Danon stated, ‘Hailo-10 lets users do it directly on their PCs or other edge systems, without straining the CPU or draining the battery.’

The new Hailo-10 GenAI accelerator enables a wide range of applications that maintain Hailo’s leadership in both performance-to-cost ratio and performance-to-power consumption ratio. By unlocking the power of GenAI on edge devices, such as personal computers, smart vehicles, and commercial robots, Hailo-10 allows users to completely own their GenAI experiences, making them an integral part of their daily routine.

Hailo’s specialized AI processors enable data center-class performance on edge devices, allowing smart devices to perform sophisticated deep learning tasks with minimal power consumption, size, and cost. The Hailo-10 accelerator is capable of up to 40 TOPS (tera operations per second), a new performance standard for edge AI accelerators, and is faster and more energy-efficient than integrated neural processing unit (NPU) solutions.

Since its founding in 2017, Hailo has become a leading global supplier of intelligent AI chips, serving more than 300 customers around the world. The company’s new funding round and the introduction of the Hailo-10 GenAI accelerator position it to bring classic and generative AI to edge devices in ways that will significantly expand the reach and impact of this remarkable new technology.

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