Revolutionary Hailo-10 GenAI Accelerator Set to Transform Edge Devices with GenAI Capabilities

Hailo Secures $120 Million in Funding, Introduces Hailo-10

The successful completion of our latest funding round has placed us in a unique position to capitalize on the exciting opportunities ahead and pave the way for long-term growth,” said Or Danon, CEO and co-founder of Hailo. With the launch of our Hailo-10 GenAI accelerator, we are now better equipped to bring classic AI and GenAI to edge devices, significantly expanding their deployment and impact.

Hailo was founded in February 2017 by graduates of the Elite Technological Unit of the Intelligence Corps and quickly became a unicorn in 2022 after raising $136 million in capital. With offices across multiple countries and a global network of distributors, we serve over 300 customers worldwide. Our processors represent a revolutionary rethinking of traditional computing architecture, enabling smart devices to perform complex tasks while minimizing power consumption and cost. These processors are designed for use in various sectors, including automotive, security, computing, industry, and retail.

The new Hailo-10 accelerator is set to empower edge devices with GenAI, allowing users to fully own their creative artificial intelligence experiences. By transitioning AI processing from the cloud to end devices, we ensure continuous access to GenAI services, real-time processing, improved privacy, and reduced carbon footprint. The Hailo-10 accelerator boasts an impressive 40 TOPS performance rating and is faster and more energy-efficient compared to integrated NPU solutions. This technological advancement will enable users to run a wide range of AI applications seamlessly across different end devices and platforms without burdening the CPU or draining the battery.

We plan to start selling units of the Hailo-10 accelerator in the second quarter of 2024. This move will facilitate various applications in personal computers and in-vehicle systems. Whether users want to automate translation, summarize information or create images based on text commands, they can do so directly from their devices without putting additional load on CPUs or draining batteries – a significant step forward towards making AI an integral part of our daily lives.

In conclusion, our latest funding round has positioned us well for future growth as we continue to innovate within the field of artificial intelligence technology with products like Hailo-10 GenAI accelerator that allow users full control over their AI experiences while ensuring efficient energy usage across various sectors.

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