- Israel-based chipmaker Hailo secures $120m funding, totaling over $340m since 2017
- Funding coincides with launch of Hailo-10 AI accelerator
- Investors include Zisapel family, Comasco, and OurCrowd
- Hailo specializes in AI accelerators and software suites for global customers
- Hailo-10 GenAI accelerator enhances processing capabilities for personal computers and automotive systems
Israel’s Hailo Secures $120m Funding for AI
In the realm of cutting-edge technology, Israel’s Hailo has made waves by securing a substantial $120m funding for its innovative AI endeavors. This latest injection of capital brings Hailo’s total investment to an impressive $340m since its establishment back in 2017.
The Rise of Hailo in the AI Landscape
Hailo’s recent funding milestone aligns with the launch of its generative AI accelerator, the Hailo-10. This Israel-based chipmaker has been making significant strides in the field of AI, capturing the attention of both existing and new investors. The company’s valuation now stands at a remarkable $1.2bn, a testament to its growing influence in the industry.
The Zisapel family, Comasco, and OurCrowd are among the notable backers who have shown confidence in Hailo’s vision and potential. This influx of funding underscores the escalating interest in AI startups, fueled by the evolution of transformative technologies such as ChatGPT.
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Hailo’s Specialization in AI Accelerators and Software Suites
Hailo has carved a niche for itself in the market with its AI accelerators and software suites, serving a diverse clientele of over 300 global customers including industry giants like Schneider Electric, Dell Technologies, and ABB. The company’s flagship product, the Hailo-10 high-performance generative AI accelerator, is engineered to power GenAI applications locally, eliminating the need for cloud-based services.
The primary objective of Hailo-10 is to bolster processing capabilities for personal computers and automotive infotainment systems. By enhancing the performance-to-power consumption ratio, this accelerator enables users to seamlessly access GenAI applications on their devices without taxing the CPU or draining the battery. With the ability to handle large language models while consuming less than five watts of power, the Hailo-10 achieves up to an impressive 10 tokens per second.
Hailo’s Future Outlook and Industry Impact
Looking ahead, Hailo is gearing up to commence shipping samples of the Hailo-10 GenAI accelerator in the second quarter of 2024. As the global conversational AI platforms market is projected to soar to $37.8bn by 2030, semiconductor manufacturers are poised to meet the escalating demand driven by this exponential growth.
A 2023 survey conducted by GlobalData revealed that 54% of respondents acknowledged that their businesses are already experiencing disruption due to AI technologies. With the proliferation of AI across various sectors, companies are recognizing the imperative of leveraging these advancements to stay competitive and relevant in the rapidly evolving digital landscape.
Hailo’s successful funding round not only fortifies its position as a key player in the AI domain but also underscores the growing significance of AI technologies in reshaping industries and driving innovation. As Hailo continues to push the boundaries of AI acceleration, the company is poised to make a lasting impact on the tech landscape, ushering in a new era of intelligent computing solutions.
Links to additional Resources: 1. https://www.hailo.ai/ 2. https://www.crunchbase.com/organization/hailo 3. https://www.globes.co.il/en/article-hailo-raises-120m-at-1b-valuation-1001404275