Hailo Secures $120 Million in Funding, Introduces Hailo-10

Revolutionizing AI: Hailo’s Hailo-10 GenAI Accelerator Brings AI to Everyday Life

As a unicorn, Hailo has been making waves in the world of artificial intelligence (AI) since its founding in 2017. Established by graduates of the Elite Technological Unit of the Intelligence Corps, the company has quickly become a leader in AI processing technology, with offices and distributors across the globe.

With its latest funding round closed, Hailo is now set to leverage all of its exciting opportunities and pave the way for long-term growth. One of these opportunities is the launch of its Hailo-10 GenAI accelerator, which allows users to fully own their creative AI experiences on edge devices.

The Hailo-10 accelerator is designed to integrate GenAI into everyday life and enable users to run a wide range of AI applications seamlessly across different end devices and platforms. By transitioning AI processing from cloud-based networks to end devices, Hailo ensures continuous access to GenAI services while also reducing power consumption and carbon footprint.

Hailo’s processors are a rethinking of traditional computing architecture, enabling smart devices to perform sophisticated tasks while minimizing power consumption and cost. These processors are intended for integration into various sectors, including automotive, security, computing, industry, and retail.

The new funding round has allowed Hailo to further develop its innovative technology and bring it to market faster than ever before. With units set to sell in the second quarter of 2024, this advancement in AI technology marks a significant step forward in making AI an integral part of our daily lives.

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