Hailo Technologies

Last updated
Hailo Technologies
IndustryAI technology
Founded2017
FoundersOrr 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

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] .

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References

  1. 1 2 3 "Israeli AI chipmaker Hailo raises $60 million, total funding $88 million". reuters.com. 2020. Retrieved 5 January 2024.
  2. ↑ Bort, Julie. "The 35 hottest Israeli startups of 2020, according to insiders in the local tech scene". Business Insider. Retrieved 2024-01-05.
  3. 1 2 Ward-Foxton, Sally (2019-08-29). "Details of Hailo AI Edge Accelerator Emerge". EE Times. Retrieved 2024-01-05.
  4. ↑ Solomon, Shoshanna (2020). "Israeli chip maker Hailo to set up Tokyo unit as demand for AI tech grows". timesofisrael.com. Retrieved 5 January 2024.
  5. ↑ Techtime (2019-08-01). "Hailo Prepares for Mass Production of its AI Chips - Israel Electronics News". Techtime News. Retrieved 2024-01-05.
  6. 1 2 3 4 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.
  7. ↑ "Israeli deep learning chip co Hailo raises $8.5m". Globes. 2019-01-22. Retrieved 2024-01-05.
  8. ↑ FinSMEs (2018-06-05). "Hailo Raises $12.5M in Series A Funding". FinSMEs. Retrieved 2024-01-05.
  9. ↑ Lardinois, Frederic (2018-06-05). "Hailo raises a $12.5M Series A round for its deep learning chips". TechCrunch. Retrieved 2024-01-05.
  10. 1 2 "Rivaling Intel & NVIDIA: New Israeli Unicorn Hailo lands $136M Series C". Geektime. 2021-10-12. Retrieved 2024-01-05.
  11. 1 2 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.
  12. 1 2 3 "Hailo raises $136 million to further development of AI-powered edge solutions | Edge Industry Review". www.edgeir.com. Retrieved 2024-01-05.
  13. ↑ "Hailo raising $100m, to become Israel's latest unicorn". Globes. 2021-06-23. Retrieved 2024-01-05.
  14. 1 2 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.
  15. ↑ "2021 Edge AI and Vision Product of the Year Winners а". Edge AI and Vision Alliance. Retrieved 2024-01-05.
  16. ↑ Macsim, Miruna (2023-11-27). "Schneider Electric integrates Hailo Technologies processors for greater AI capabilities". Business Review (in Romanian). Retrieved 2024-01-05.
  17. ↑ 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.
  18. ↑ "Hailo Raises $120 Million to Design More Efficient AI Chips". Bloomberg.com. 2024-04-02. Retrieved 2024-04-07.
  19. ↑ Wiggers, Kyle (2024-04-02). "Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle". TechCrunch. Retrieved 2024-04-07.
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