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Hailo Secures $120 Million in Funding and Debuts Hailo-10

Hailo, a unicorn founded in 2017 by graduates of the Elite Technological Unit of the Intelligence Corps, has closed a new funding round. CEO and co-founder Danon expressed excitement about this development, stating that it will allow the company to capitalize on emerging opportunities and drive long-term growth.

Hailo’s recent launch of their Hailo-10 GenAI accelerator positions them strategically to bring classic AI and GenAI to edge devices. By integrating creative artificial intelligence capabilities into users’ daily lives through Hailo-10, the company aims to empower users and improve productivity and user experience.

Hailo’s unique processors are designed to perform complex deep learning tasks efficiently while minimizing power consumption, size, and cost. This makes them ideal for integration into various smart devices across industries. With offices in multiple countries and a strong network of distributors worldwide, Hailo caters to over 300 customers.

The new Hailo-10 GenAI accelerator enables edge devices like personal computers, smart cars, and robots to harness the power of GenAI. By shifting AI processing from the cloud to end devices, Hailo ensures continuous access to GenAI services, real-time processing, improved privacy, and reduced carbon footprint. Hailo-10 sets a new performance benchmark for AI accelerators by offering faster and more energy-efficient solutions compared to traditional processors.

With this innovative accelerator, users can run a wide range of applications seamlessly while maintaining Hailo’s lead in performance, cost, and power consumption. The focus on maximizing performance while minimizing power consumption showcases Hailo’s commitment to delivering cutting-edge technology that revolutionizes the AI landscape.

In conclusion, Hailo’s recent funding round has positioned them strategically for long-term growth as they continue to expand their impact with innovative products like their new Hailo-10 GenAI accelerator. The company’s dedication to delivering high-performance technology with minimal environmental impact is setting a new standard in the AI industry.

By Samantha Jones

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