Hailo Technologies Ltd. is an Israeli technology company specializing in designing and manufacturing AI processors and AI accelerator used in autonomous vehicles, security cameras, autonomous mobile robots, and the like.[2][3] Headquartered in Tel Aviv and with seven international offices, the company operates in North America, Europe, and Asia.[4]
History
Hailo was founded in Tel Aviv in February 2017 by Orr Danon, Avi Baum, Hadar Zeitlin, and Rami Feig.[5] Following the death of Rami Feig[6] Orr Danon became the new CEO and Avi Baum became CTO.[6]
The company's funding began in June 2017 with a seed round of $3.5 million. This was followed by Series A funding on June 5, 2018 (with additional funding on January 22, 2019), totaling $12.5 million and $8.5 million respectively.[2][7][8][9]
Hailo unveiled its Hailo-8 AI accelerator on May 14, 2019.[10][11][12]
Hailo secured Series B funding of $60 million on March 5, 2020,[2] and a Series C funding of $136 million on October 12, 2021, led by Poalim Equity and Gil Agmon, with the participation of existing investors Zohar Zisapel (Hailo Former Chairman), Swiss-based ABB Technology Ventures (ATV), London's Latitude Ventures, and Israel's OurCrowd.[10][6] The financing was done at a valuation of $1 billion, making Hailo a unicorn.[13]
Also in 2021, Mooly Eden, former Senior VP at Intel, joined Hailo's board of directors, and Eyal Waldman, co-founder and former CEO of Mellanox Technologies, joined its advisory board.[6][14]
Hailo's Hailo-8 AI Processor was chosen as 2021 Edge AI and Vision Product of the Year in the Edge AI Processors category.[15][16]
In 2024, Hailo-15 AI Vision Processor was recognized as a Picks Award Winner at CES 2024.[17] In April 2024, Hailo expanded its series C fundraising round with an additional investment of $120 million[18] and launched Hailo-10, a Generative AI acceleration module for edge devices.[19]
In May 2024, Hailo announced the appointment of Rakefet Russak-Aminoach as chairperson,[20] and in June of that year Yaron Garmazi was appointed as CFO and COO.[21]
Products
The company offers generative AI vision processors, AI accelerators, AI accelerators and software.
AI Vision Processors
The company's Hailo-15 vision processors were launched in March 2023.[15]
AI Accelerators
The Hailo-8L entry-level AI accelerators and Hailo-8 Century high-performance PCIe cards were launched in August 2023.[12][14][22]
Generative AI Acceleration Modules
Hailo-10 is a Generative AI acceleration module for edge devices launched in 2024.[19]
Software
The Hailo AI Software Suite allows deep learning models to be built and AI applications to be implemented. It includes a model zoo of pre-trained models that can be used by developers.
The Vision Processor Software Package, designed for Hailo-15, enables the development of AI vision applications.
References
- Contact Hailo AI: Reach Out to Our Global Offices Today Hailo, retrieved 11 January 2025^
- Israeli AI chipmaker Hailo raises $60 million, total funding $88 million reuters.com, 2020, retrieved 5 January 2024^
- Julie Bort. The 35 hottest Israeli startups of 2020, according to insiders in the local tech scene Business Insider, retrieved 2024-01-05^
- Shoshanna Solomon. Israeli chip maker Hailo to set up Tokyo unit as demand for AI tech grows timesofisrael.com, 2020, retrieved 5 January 2024^
- Techtime. Hailo Prepares for Mass Production of its AI Chips - Israel Electronics News Techtime News, 2019-08-01, retrieved 2024-01-05^
- Meir Orbach. New unicorn Hailo raises $136 million Series C for AI chips for edge devices CTECH - www.calcalistech.com, 2021-10-12, retrieved 2024-01-05^
- Israeli deep learning chip co Hailo raises $8.5m Globes, 2019-01-22, retrieved 2024-01-05^
- FinSMEs. Hailo Raises $12.5M in Series A Funding FinSMEs, 2018-06-05, retrieved 2024-01-05^
- Frederic Lardinois. Hailo raises a $12.5M Series A round for its deep learning chips TechCrunch, 2018-06-05, retrieved 2024-01-05^
- Rivaling Intel & NVIDIA: New Israeli Unicorn Hailo lands $136M Series C Geektime, 2021-10-12, retrieved 2024-01-05^
- Sally Ward-Foxton. Details of Hailo AI Edge Accelerator Emerge EE Times, 2019-08-29, retrieved 2024-01-05^
- Ami Rokhax Dumba. Hailo הישראלית משיקה שבב ייעודי ליישומי בינה מלאכותית israeldefense.co.il, 2019, retrieved 5 January 2024^
- Hailo raising $100m, to become Israel's latest unicorn Globes, 2021-06-23, retrieved 2024-01-05^
- Hailo raises $136 million to further development of AI-powered edge solutions www.edgeir.com, retrieved 2024-01-05^
- Brian Dipert. 2021 Edge AI and Vision Product of the Year Award Winner Showcase: Hailo (Edge AI Processors) Edge AI and Vision Alliance, 2021-05-25, retrieved 2024-01-05^
- 2021 Edge AI and Vision Product of the Year Winners а Edge AI and Vision Alliance, retrieved 2024-01-05^
- R. S. Staff. Residential Systems, TWICE, and TechRadar Pro Announce Picks Awards Winners for CES 2024 Residential Systems, 2024-01-11, retrieved 2024-01-20^
- Hailo Raises $120 Million to Design More Efficient AI Chips Bloomberg.com, 2024-04-02, retrieved 2024-04-07^
- Kyle Wiggers. Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle TechCrunch, 2024-04-02, retrieved 2024-04-07^
- Rakefet Russak-Aminoach appointed chair of chip co Hailo Globes, 20 May 2024^
- Hailo appoints Yaron Garmazi as CFO and COO 17 June 2024^
- Miruna Macsim. Schneider Electric integrates Hailo Technologies processors for greater AI capabilities Business Review, 2023-11-27, retrieved 2024-01-05^