Hailo Closed $120 Million Funding Round

3 April, 2024

Hailo’s funding now exceeds $340 million. Introduced Hailo-10 AI accelerator specifically designed for low power LLMs processing in personal computers and automotive industries

Hailo has extended its series C fundraising round with an additional investment of $120 million. At the same time, the company announced the introduction of its Hailo-10 high-performance generative AI (GenAI) accelerators that usher in an era where users can own and run GenAI applications locally without registering to cloud-based GenAI services. The new funding round was led by current and new investors including the Zisapel family, Gil Agmon, Delek Motors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and Poalim Equity. To date the company has raised more than $340 million.

The Tel aviv bases Hailo was established in 2017 and is focused on developing specialized AI processors, based on a rethinking of traditional computer architecture. The processors are designed to fit into a multitude of smart machines, impacting a variety of sectors including PCs, automotive, security, industrial equipment, industry 4.0 and retail. “We designed Hailo-10 to seamlessly integrate GenAI capabilities into users’ daily lives, freeing users from cloud network constraints,” said Hailo CEO and Co-Founder Orr Danon. “This empowers them to utilize chatbots, copilots, and other emerging content generation tools with unparalleled flexibility and immediacy.”

SolidRun's video acclerator SoM equipped with Hailo-15 SOM chip
SolidRun’s video acclerator SoM equipped with Hailo-15 SOM chip

The new Hailo-10 GenAI accelerator leverages the same software suite used across the Hailo-8 AI accelerators and the Hailo-15 AI vision processors, enabling seamless integration of AI capabilities across multiple edge devices and platforms. Hailo-10 is capable of up to 40 TOPS (tera operations per second). Among popular GenAI platforms, Hailo-10 can run Llama2-7B with up to 10 tokens per second (TPS) at under 5W of power. In processing Stable Diffusion 2.1, a popular model that produces images from text prompts, Hailo-10 is rated at under 5 seconds per image in the same ultra-low power envelope.

Early applications of Hailo-10 GenAI accelerators will be targeting PCs and automotive infotainment systems, empowering current and future CPUs that cannot by themselves power the chatbots, copilots, personal assistants, and speech-operated operating systems that have become standard today. Hailo will begin shipping samples of the Hailo-10 GenAI accelerator in Q2 of 2024.

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