AI Chipmaker Hailo opens Japan Subsidiary
2 September, 2020
Hailo’s specialized Hailo-8™ Deep Learning Processor delivers up to 26 Tera Operations Per Second (TOPS). Foxconn has combined the chip in its BOXiedge high-density, fan-less, edge computer
The AI chipmaker from Tel Aviv, Hailo, announced international expansion with the establishment of Hailo Japan located in Tokyo. Hiro Uchida, a former Sony executive, has been appointed President to lead the operation. The new company answers the growing demand from Japanese customers developing products requiring AI technology at the edge, in sgments such as automotive, smart cities, smart retail, smart homes, industry 4.0, and beyond.
The expansion comes in the wake of Hailo’s $60 million Series B funding round, in which NEC joined as a strategic investor. Hailo also recently established key partnership with Foxconn and the Japanese Socionext, a provider of SoC solutions for video and imaging systems. Foxconn has combined its high-density, fan-less, edge computing solution, BOXiedge™, with Socionext’s parallel processor “SynQuacer™” SC2A11, and the Hailo-8™ deep learning processor.
Hailo’s specialized Hailo-8™ Deep Learning Processor delivers up to 26 Tera Operations Per Second (TOPS). The chip is built with an innovative architecture that enables edge devices to run sophisticated deep learning applications that could previously only run on the cloud. “There is no doubt that deep learning at the edge will be embedded in almost all of the products and services we use on a daily basis,” said Hiro Uchida.
Hiro Uchida brings 30+ years of experience, including helping build Sony’s Corporate Venture Capital fund. Orr Danon, CEO of Hailo, said that the Asia-Pacific region continues to show significant growth in the AI secto. “Our new subsidiary in Japan will enable us to strengthen collaborations with our Japanese-based customers and partners. Many of the world’s leading companies integrating Artificial Intelligence into their edge devices are based in Japan.”
According to IDC, the Global Worldwide Artificial Intelligence market maintain a steady growth rate annually through 2023, approaching $98.4 billion in revenue at a CAGR of 28.5%.
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