AI Chipmaker Hailo Raised $60 Million

The Tel Aviv based chipmaker startup Hailo, has successfully completed a a $60 million financing round with the participation of key strategic investors ABB Technology Ventures (VC arm of ABB) and NEC Corporation. The funding will be used to enter mass production of the company’s processor Hailo-8 Deep Learning chip during 2020. Today the company employs approximately 80 employees.

Since its inception in February 2017, Hailo had raised $88 million. Following the last investment round, it begins to recruit 30-40 new employees for its research and development and support department, as well as offshore stuff for new offices in Europe, Japan and the US, to be opened in 2020. The company’s Hailo-8 processor is a dedicated Neural Networks processor aimed to implement inference functions on edge devices in Automotive and Industrial applications.

“We look forward to combining Hailo’s solution with our cutting-edge industrial technology as an important piece of the puzzle to drive the digital transformation of industries,” said Kurt Kaltenegger, Head of ABB Technology Ventures. Hiroto Sugahara, General Manager of Corporate Technology Division, NEC Corporation, said that Hailo’s technology will help NEC,  “to dive  deeper into the intelligent video analytics market. We look forward to incorporating Hailo’s technology into our next generation edge-based products.”

CEO, Orr Danon: A novel architecture to enable fast and power saving implementation of Neural Networks
CEO, Orr Danon: A novel architecture to enable fast and power saving implementation of Neural Networks

The Company’s co-founder and CEO, Orr Danon, told Techtime Hailo-8 chip presents a novel architecture to enable fast and power saving implementation of Neural Networks. “We identified that in during the processing of inference, there are differences in the behavior of the different layers in the neural network. Our solution provides the exact resources needed in each layer.

“In contrast, our competitors, who use solutions such as GPU processors, allocate to each and every layer the same level of resources. Our development software learns the specific problem of each application, characterizes it, and give the chip instructions on how to manage the resources of each layer in an optimal method.”

According to Hailo, its processor reaches up to 26 Tera Operations Per Second (TOPS) and 3 TOPS per Watt. It will meet the strict ISO 26262 ASIL-B as well as the AEC Q 100 Grade 2 standards. Hailo-8 is comprised of four main components: an Image Signal Processor to improves the image arriving from the sensor before its transfer for processing by the neural network core, an H.264 encoder that handles the video stream, an ARM-M4 processor to manages the chip, and the neural network core itself.

This neural network is comprised of a flexible matrix of software-configurable processing, controls, computational resources and memory units. “Hailo’s Deep Learning chip is a real game changer in industries such as automotive, industry 4.0, robotics, smart cities, and more,” said Hailo Chairman Zohar Zisapel, “A new age of AI chips means a new age of computing capabilities at the edge.”