AI
AI
AI
Deep learning chip startup Hailo raises $60M round
Israeli computer chipmaker Hailo Technologies Ltd. is poised to make a splash in the artificial intelligence world after landing a hefty $60 million funding round for its deep learning hardware today.
The Series B round was led by existing investors with participation from ABB Technology Ventures, NEC Corp. and Latitude Ventures, and brings Hailo’s total amount raised to $88 million.
Hailo’s investors are reportedly excited about the company’s main product, which is a customized processor for running deep learning workloads at the edge of the network. The company, which is primarily focused on the automotive sector, says its Hailo-8 Deep Learning chip enables devices to run “sophisticated” deep learning applications at the edge of the network that could previously be hosted only in cloud data centers.
Hailo said its processor, which is smaller than a penny, has been built from the ground up with completely redesigned memory, control and compute architecture components. It also comes with a software development kit for developers to build apps customized for the hardware.
The redesigned architecture reportedly translates into “higher performance, lower power, and minimal latency.” The company said it also enables more privacy and better performance for smart devices operating at the edge, including autonomous vehicles, smart cameras, smartphones, drones and AR/VR platforms.
Hailo’s claims about its chip’s performance are backed by evidence. It cites the preliminary results of a ResNet-50 Benchmark test comparing the Hailo-8TM chip with Nvidia Corp.’s Xavier AGX, which is also designed to power AI workloads. According to those tests, which were carried out last year when the chip was launched, Hailo-8 consumes almost 20 times less power than Nvidia’s rival chip.
Hailo Chairman Zohar Zisapel said in a statement that with the funding, the Hailo-8 chip is poised to become a “game-changer” in industries such as the automotive sector, robotics and smart cities.
“A new age of AI chips means a new age of computing capabilities at the edge, and we are excited to lead this transformation,” Zisapel said.
Hailo said the funds will be used to bolster the ongoing global rollout of its product and to reach new markets and industries worldwide.
Photo: Hailo
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
