What is Hailo?
Hailo is an Israel-based company specializing in the development of advanced AI processors designed for edge devices. Its proprietary chip architecture redefines traditional computing, enabling sophisticated deep learning tasks such as real-time object detection and segmentation. The company's technology is engineered to deliver data center-class performance with minimal power consumption, size, and cost, making it ideal for a wide range of smart devices that require on-device AI processing capabilities.
How much funding has Hailo raised?
Hailo has raised a total of $337M across 3 funding rounds:
Series A
$21M
Series B
$60M
Series C
$256M
Series A (2018): $21M, investors not publicly disclosed
Series B (2020): $60M led by ABB Technology Ventures, Latitude Ventures, and NEC Corporation
Series C (2024): $256M supported by Poalim, Gil Agmon, and OurCrowd
Key Investors in Hailo
OurCrowd
OurCrowd is an investment platform that enables accredited investors and institutions to invest in startups and early-stage companies, with a focus on Israeli ventures.
ABB Technology Ventures
ABB Technology Ventures is the venture capital arm of ABB, a global technology company focused on electrification and industrial automation, investing in innovative solutions that drive industrial transformation.
NEC Corporation
NEC Corporation is a multinational information technology and electronics corporation that invests in companies advancing technology and digital solutions.
What's next for Hailo?
With its recent major strategic investment, Hailo is poised to accelerate its growth and expand its market reach. The substantial capital infusion is expected to fuel further research and development, enhance manufacturing capabilities, and bolster sales and marketing efforts. This strategic financing positions Hailo to capitalize on the burgeoning demand for efficient and powerful AI solutions in edge computing, potentially leading to broader adoption across various industries and solidifying its position as a leader in the AI chip sector.
See full Hailo company page
