Last week, artificial intelligence chip maker Hailo announced that it had completed a $ 60 million Series B funding round. Investors include ABB Technology Ventures (ATV), a strategic venture capital arm of ABB, a global leader in industrial automation and robotics, NEC, a leader in IT and network technology, Latitude Ventures, a well-known venture capital firm in London, and existing investors in the company.
Hailo is an Israeli chip maker focused on artificial intelligence. The company has developed a deep learning AI processor chip, Hailo-8, which can directly provide data center-level computing performance to edge devices. Hailo-8's innovative data stream architecture enables higher performance, lower power consumption, and minimal latency, and can provide more privacy and better performance for edge smart devices such as autonomous vehicles, smart cameras, smartphones, drones, and AR / VR devices .
After the Series B round funding, Hailo's total funding will reach US $ 88 million. Hailo said it will use the funds to support its revolutionary Hailo-8 deep learning chip in the global market and industry.
Hailo's chairman Zohar Zisapel said, "Hailo's neural network processor is a game changer in industries such as automotive, industry 4.0, robotics, and smart cities. The new era of AI chips means a new era of edge computing capabilities. We are very happy Can lead this change. "
