Hailo Technologies
IndustryAI technology
Founded2017
FoundersOrr Danon, Avi Baum, Hadar Zeitlin, Rami Feig
Headquarters
Tel Aviv

Hailo Technologies (or simply Hailo) is a Israeli AI technology company specializing in designing and manufacturing AI processors used in autonomous vehicles, security cameras, autonomous mobile robots, etc.[1][2][3]

Headquartered in Tel Aviv and seven international offices, the company operates in North America, Europe, and Asia.[4][5]

History

Hailo was founded in Tel Aviv in February 2017 by Orr Danon, Avi Baum, Hadar Zeitlin, and Rami Feig.[6] Following the demise of Rami Feig, co-founder, and CEO,[7] Orr Danon has taken over as the new CEO, while Avi Baum became CTO.[7] The company's funding began with a June 5, 2017, seed round, amassing $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.[1][8][9][10]

Hailo unveiled its Hailo-8 AI accelerator on May 14, 2019.[11][4][12]

In subsequent years, Hailo secured Series B funding of $60 million on March 5, 2020,[1] 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 Chairman), Swiss-based ABB Technology Ventures (ATV), London's Latitude Ventures, and Israel's OurCrowd.[11][13][7] The financing was done at a valuation of $1 billion, making Hailo a unicorn.[14]

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.[7][13] Hailo's Hailo-8 AI Processor became 2021 Edge AI and Vision Product of the Year Award Winner in the Edge AI Processors category.[15][16]

The subsequent launch of their Hailo-15 vision processors occurred in March 2023.[15]

The company introduced their Hailo-8L entry-level AI accelerators and the Hailo-8 Century high-performance PCIe cards in August 2023.[12][13][17]

References

  1. 1 2 3 "Israeli AI chipmaker Hailo raises $60 million, total funding $88 million". reuters.com. 2020. Retrieved 5 January 2024.
  2. ↑ Bort, Julie. "The 35 hottest Israeli startups of 2020, according to insiders in the local tech scene". Business Insider. Retrieved 2024-01-05.
  3. ↑ Bort, Julie. "The 35 hottest Israeli startups of 2020, according to insiders in the local tech scene". Business Insider. Retrieved 2024-01-05.
  4. 1 2 Ward-Foxton, Sally (2019-08-29). "Details of Hailo AI Edge Accelerator Emerge". EE Times. Retrieved 2024-01-05.
  5. ↑ Solomon, Shoshanna (2020). "Israeli chip maker Hailo to set up Tokyo unit as demand for AI tech grows". timesofisrael.com. Retrieved 5 January 2024.
  6. ↑ Techtime (2019-08-01). "Hailo Prepares for Mass Production of its AI Chips - Israel Electronics News". Techtime News. Retrieved 2024-01-05.
  7. 1 2 3 4 Orbach, Meir (2021-10-12). "New unicorn Hailo raises $136 million Series C for AI chips for edge devices". CTECH - www.calcalistech.com. Retrieved 2024-01-05.
  8. ↑ "Israeli deep learning chip co Hailo raises $8.5m". Globes. 2019-01-22. Retrieved 2024-01-05.
  9. ↑ FinSMEs (2018-06-05). "Hailo Raises $12.5M in Series A Funding". FinSMEs. Retrieved 2024-01-05.
  10. ↑ Lardinois, Frederic (2018-06-05). "Hailo raises a $12.5M Series A round for its deep learning chips". TechCrunch. Retrieved 2024-01-05.
  11. 1 2 "Rivaling Intel & NVIDIA: New Israeli Unicorn Hailo lands $136M Series C". Geektime. 2021-10-12. Retrieved 2024-01-05.
  12. 1 2 Dumba, Ami Rokhax (2019). "Hailo הישראלית משיקה שבב ייעודי ליישומי בינה מלאכותית" [The Israeli company Hailo launches a dedicated chip for artificial intelligence applications]. israeldefense.co.il (in Hebrew). Retrieved 5 January 2024.
  13. 1 2 3 "Hailo raises $136 million to further development of AI-powered edge solutions | Edge Industry Review". www.edgeir.com. Retrieved 2024-01-05.
  14. ↑ "Hailo raising $100m, to become Israel's latest unicorn". Globes. 2021-06-23. Retrieved 2024-01-05.
  15. 1 2 Dipert, Brian (2021-05-25). "2021 Edge AI and Vision Product of the Year Award Winner Showcase: Hailo (Edge AI Processors)". Edge AI and Vision Alliance. Retrieved 2024-01-05.
  16. ↑ "2021 Edge AI and Vision Product of the Year Winners а". Edge AI and Vision Alliance. Retrieved 2024-01-05.
  17. ↑ Macsim, Miruna (2023-11-27). "Schneider Electric integrates Hailo Technologies processors for greater AI capabilities". Business Review (in Romanian). Retrieved 2024-01-05.
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