Hailo Raised $21 Million for Deep Learning Processor
30 January, 2019
Hailo is also opening registration for the Hailo-8 Fast Track program. The participants will gain access to the upcoming samples of Hailo-8 processor
Artificial Intelligence drives a new generation of computing architecture. One of the newcomers in this emerging market is Hailo from Israel who developed a dedicated microprocessor for deep learning applications. Hailo’s processor is designed to fit into embedded devices that need to process high-resolution video and other high-throughput streams of real-time data. This week the company announced the expantion of its Series A funding round to $21 million.
Chinese venture capital firm, Glory Ventures, led the investment-round. This VC is active in Israel and made investments in Innoviz, CorePhotonics, Vayyar, Intuition Robotics and Lumus. The current round will support marketing efforts in China and Hong Kong, complementing its existing markets in Europe, North America, Japan and Korea.
Hailo is also opening registration for the Hailo-8 Fast Track program to select customers and is offering these customers the opportunity to evaluate the initial samples of its high-performance, low-power Hailo-8 deep learning processor. The participants will gain access to the upcoming samples of Hailo-8 processor, and will be able to develop and prototype their own deep learning products. The company said that beyond its strategic focus in the automotive market, Hailo’s processor targets other markets including surveillance, smart home, IoT and industrial, robotics, AR/VR and wearables.