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In a statement, Danon, CEO and co-founder of Hailo, expressed excitement about closing their new funding round. According to Danon, this will allow the company to seize the opportunities ahead and fuel their long-term growth. The recent launch of their Hailo-10 GenAI accelerator has positioned them strategically to bring classic AI and GenAI to edge devices, expanding the deployment and impact of this vital technology.

Hailo was established in February 2017 by graduates of the Elite Technological Unit of the Intelligence Corps and became a unicorn in 2022 after raising $136 million in capital. The company has offices in various countries and a strong network of distributors worldwide, catering to over 300 customers. Hailo’s unique processors are designed to perform complex deep learning tasks efficiently while minimizing power consumption, size, and cost, making them ideal for integration into various smart devices across industries.

The new Hailo-10 GenAI accelerator enables edge devices like personal computers, smart cars, and robots to harness the power of GenAI, allowing users to fully own their creative artificial intelligence experiences. By shifting AI processing from the cloud to end devices, Hailo ensures continuous access to GenAI services, real-time processing, improved privacy, and reduced carbon footprint. Hailo-10 sets a new performance benchmark for AI accelerators, offering faster and more energy-efficient solutions compared to traditional processors.

With the launch of Hailo-10, users can run a wide range of applications seamlessly while maintaining Hailo’s lead in performance, cost, and power consumption. This innovative accelerator supports various AI applications across different devices and platforms while enabling users to process tasks efficiently while conserving energy. Danon’s focus on maximizing performance and minimizing power consumption showcases their commitment to delivering cutting-edge technology that revolutionizes the AI landscape.

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