History
Hailo was founded in Tel Aviv in February 2017 by Orr Danon, Avi Baum, Hadar Zeitlin, and Rami Feig. [6] Following the death of Rami Feig [7] Orr Danon became the new CEO and Avi Baum became CTO. [7]
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. [2] [8] [9] [10]
Hailo unveiled its Hailo-8 AI accelerator on May 14, 2019. [11] [4] [12]
Hailo secured Series B funding of $60 million on March 5, 2020, [2] 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 Former Chairman), Swiss-based ABB Technology Ventures (ATV), London's Latitude Ventures, and Israel's OurCrowd. [11] [13] [7] The financing was done at a valuation of $1 billion, making Hailo a unicorn. [14]
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. [7] [13]
Hailo's Hailo-8 AI Processor was chosen as 2021 Edge AI and Vision Product of the Year in the Edge AI Processors category. [15] [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]
In May 2024, Hailo announced the appointment of Rakefet Russak-Aminoach as chairperson, [20] and in June of that year Yaron Garmazi was appointed as CFO and COO. [21]
Products
The company offers generative AI vision processors, AI accelerators, AI accelerators and software.
AI Vision Processors
The company's Hailo-15 vision processors were launched in March 2023. [15]
AI Accelerators
The Hailo-8L entry-level AI accelerators and Hailo-8 Century high-performance PCIe cards were launched in August 2023. [12] [13] [22]
Generative AI Acceleration Modules
Hailo-10 is a Generative AI acceleration module for edge devices launched in 2024. [19]
Software
The Hailo AI Software Suite allows deep learning models to be built and AI applications to be implemented. It includes a model zoo of pre-trained models that can be used by developers.
The Vision Processor Software Package, designed for Hailo-15, enables the development of AI vision applications.
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