Hailo, a leader in edge AI processors, has reached a new funding milestone of $120 million, increasing its total investment to over $340 million. This is a significant advancement for edge computing. With the release of its ground-breaking Hailo-10 GenAI accelerator and this financial boost, the company is taking a major step toward integrating generative AI directly into edge devices for the personal computer and automotive industries.
Current and new investors, such as the Zisapel family, Gil Agmon, Delek Motors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and Poalim Equity, led the new funding round.
Hailo, an Israeli startup founded in 2017, has quickly become a major player in the AI chip market, providing services to more than 300 clients worldwide. Hailo’s cutting-edge processors provide data center-level AI performance on edge devices, and the company has offices in both the US and Asia. These processors enable unparalleled efficiency in real-time deep learning tasks by redefining traditional computer architecture.
Accelerator for Hailo-10
By enabling the local execution of GenAI applications without reliance on cloud-based services, the Hailo-10 accelerator is poised to completely transform the user experience. Hailo’s CEO and co-founder, Orr Danon, highlights the revolutionary potential of Hailo-10 and how it can easily incorporate GenAI capabilities into everyday life. By processing data locally and lowering dependency on cloud data centers, the Hailo-10 not only addresses privacy concerns but also promises increased productivity and improved user experiences.
Hailo-10 has exceptional performance-to-cost and performance-to-power consumption ratios that allow it to be used in a variety of applications while maintaining sustainability. Because of its compatibility with the extensive software suite that Hailo shares with the Hailo-8 and Hailo-15 processors, it can be easily integrated with a variety of platforms and devices.
The Hailo-10 surpasses integrated neural processing units (NPUs) in terms of speed and energy efficiency, setting a new standard for edge AI accelerators with its 40 tera operations per second (TOPS) performance. It provides twice the performance at half the power consumption of Intel’s Core Ultra NPU, according to recent benchmarks.
Impressively, Hailo-10 demonstrates exceptional efficiency, achieving new industry records by running sophisticated models such as Llama2-7B and Stable Diffusion 2.1 within an extremely low power envelope. By enabling advanced artificial intelligence features like chatbots and personal assistants, the accelerator’s initial applications have the potential to transform PCs and automobile infotainment systems, thereby introducing a new chapter in the history of innovative edge computing.
Hailo is leading the charge to bring generative AI to the general public, fundamentally changing the way users interact with technology, with sample shipments of the Hailo-10 GenAI accelerator scheduled for Q2 of 2024.