Hailo Technologies
| Industry | AI technology |
|---|---|
| Founded | 2017 |
| Founders | Orr Danon, Avi Baum, Hadar Zeitlin, Rami Feig |
| Headquarters | Tel Aviv |
Hailo Technologies (or simply Hailo) is an Israeli AI technology company specializing in designing and manufacturing AI processors used in autonomous vehicles, security cameras, autonomous mobile robots, etc.[1][2]
Headquartered in Tel Aviv and seven international offices, the company operates in North America, Europe, and Asia.[3][4]
History[edit]
Hailo was founded in Tel Aviv in February 2017 by Orr Danon, Avi Baum, Hadar Zeitlin, and Rami Feig.[5] Following the death of Rami Feig[6] Orr Danon became the new CEO and Avi Baum became CTO.[6]
The company's funding began in June 2017 with a seed round of $3.5 million. This was followed by Series A funding on June 5, 2018 (with additional funding on January 22, 2019), totaling $12.5 million and $8.5 million respectively.[1][7][8][9]
Hailo unveiled its Hailo-8 AI accelerator on May 14, 2019.[10][3][11]
Hailo secured Series B funding of $60 million on March 5, 2020,[1] and a Series C funding of $136 million on October 12, 2021, led by Poalim Equity and Gil Agmon, with the participation of existing investors Zohar Zisapel (Hailo Chairman), Swiss-based ABB Technology Ventures (ATV), London's Latitude Ventures, and Israel's OurCrowd.[10][12][6] The financing was done at a valuation of $1 billion, making Hailo a unicorn.[13]
Also in 2021, Mooly Eden, former Senior VP at Intel, joined Hailo's board of directors, and Eyal Waldman, co-founder and former CEO of Mellanox Technologies, joined its advisory board.[6][12]
Hailo's Hailo-8 AI Processor was chosen as 2021 Edge AI and Vision Product of the Year in the Edge AI Processors category.[14][15]
The company's Hailo-15 vision processors were launched in March 2023.[14] Its Hailo-8L entry-level AI accelerators and Hailo-8 Century high-performance PCIe cards were launched in August 2023.[11][12][16] In 2024, Hailo-15 AI Vision Processor was recognized as a Picks Award Winner at CES 2024.[17] In April 2024, Hailo expanded its series C fundraising round with an additional investment of $120 million[18] and launched Hailo-10, a Generative AI acceleration module for edge devices.[19]
References[edit]
- ^ a b c "Israeli AI chipmaker Hailo raises $60 million, total funding $88 million". reuters.com. 2020. Retrieved 5 January 2024.
- ^ Bort, Julie. "The 35 hottest Israeli startups of 2020, according to insiders in the local tech scene". Business Insider. Retrieved 2024-01-05.
- ^ a b Ward-Foxton, Sally (2019-08-29). "Details of Hailo AI Edge Accelerator Emerge". EE Times. Retrieved 2024-01-05.
- ^ Solomon, Shoshanna (2020). "Israeli chip maker Hailo to set up Tokyo unit as demand for AI tech grows". timesofisrael.com. Retrieved 5 January 2024.
- ^ Techtime (2019-08-01). "Hailo Prepares for Mass Production of its AI Chips - Israel Electronics News". Techtime News. Retrieved 2024-01-05.
- ^ a b c d Orbach, Meir (2021-10-12). "New unicorn Hailo raises $136 million Series C for AI chips for edge devices". CTECH - www.calcalistech.com. Retrieved 2024-01-05.
- ^ "Israeli deep learning chip co Hailo raises $8.5m". Globes. 2019-01-22. Retrieved 2024-01-05.
- ^ FinSMEs (2018-06-05). "Hailo Raises $12.5M in Series A Funding". FinSMEs. Retrieved 2024-01-05.
- ^ Lardinois, Frederic (2018-06-05). "Hailo raises a $12.5M Series A round for its deep learning chips". TechCrunch. Retrieved 2024-01-05.
- ^ a b "Rivaling Intel & NVIDIA: New Israeli Unicorn Hailo lands $136M Series C". Geektime. 2021-10-12. Retrieved 2024-01-05.
- ^ a b Dumba, Ami Rokhax (2019). "Hailo הישראלית משיקה שבב ייעודי ליישומי בינה מלאכותית" [The Israeli company Hailo launches a dedicated chip for artificial intelligence applications]. israeldefense.co.il (in Hebrew). Retrieved 5 January 2024.
- ^ a b c "Hailo raises $136 million to further development of AI-powered edge solutions | Edge Industry Review". www.edgeir.com. Retrieved 2024-01-05.
- ^ "Hailo raising $100m, to become Israel's latest unicorn". Globes. 2021-06-23. Retrieved 2024-01-05.
- ^ a b Dipert, Brian (2021-05-25). "2021 Edge AI and Vision Product of the Year Award Winner Showcase: Hailo (Edge AI Processors)". Edge AI and Vision Alliance. Retrieved 2024-01-05.
- ^ "2021 Edge AI and Vision Product of the Year Winners а". Edge AI and Vision Alliance. Retrieved 2024-01-05.
- ^ Macsim, Miruna (2023-11-27). "Schneider Electric integrates Hailo Technologies processors for greater AI capabilities". Business Review (in Romanian). Retrieved 2024-01-05.
- ^ Staff, R. S. (2024-01-11). "Residential Systems, TWICE, and TechRadar Pro Announce Picks Awards Winners for CES 2024". Residential Systems. Retrieved 2024-01-20.
- ^ "Hailo Raises $120 Million to Design More Efficient AI Chips". Bloomberg.com. 2024-04-02. Retrieved 2024-04-07.
- ^ Wiggers, Kyle (2024-04-02). "Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle". TechCrunch. Retrieved 2024-04-07.