In a big advancement for edge computing, Hailo, a trailblazer in edge AI processors, has successfully accomplished a brand new funding milestone of $120 million, propelling its total investment to over $340 million. This financial boost coincides with the debut of its groundbreaking Hailo-10 GenAI accelerator, marking a pivotal shift towards embedding generative AI directly into edge devices across the pc and automotive industries.
The brand new funding round was led by current and recent investors including the Zisapel family, Gil Agmon, Delek Motors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and Poalim Equity.
Hailo CEO and Co-Founder Orr Danon stated,
Founded in 2017 in Israel, Hailo has rapidly ascended to a outstanding position within the AI chip industry, serving over 300 customers globally. With offices spanning the US to Asia, Hailo’s progressive processors deliver data center-level AI performance on edge devices. These processors, redefining conventional computer architecture, facilitate real-time deep learning tasks with unmatched efficiency.
Hailo-10 Accelerator
The introduction of the Hailo-10 accelerator is about to redefine the user experience by enabling the execution of GenAI applications locally, without the dependency on cloud-based services. Orr Danon, Hailo’s CEO and Co-Founder, emphasizes the transformative potential of Hailo-10, highlighting its ability to integrate GenAI capabilities seamlessly into every day life. The Hailo-10 not only guarantees enhanced productivity and enriched user experiences but in addition addresses privacy concerns by processing data locally and reducing reliance on cloud data centers.
Hailo-10 stands out for its performance-to-cost and performance-to-power consumption ratios, supporting a big selection of applications while ensuring sustainability. Its compatibility with Hailo’s comprehensive software suite, shared with the Hailo-8 and Hailo-15 processors, facilitates seamless integration across various devices and platforms.
The Hailo-10 sets a brand new benchmark for edge AI accelerators with its capability to perform as much as 40 tera operations per second (TOPS), outpacing integrated neural processing units (NPUs) in each speed and energy efficiency. Recent benchmarks reveal that it offers double the performance while consuming only half the facility in comparison with Intel’s Core Ultra NPU.
Orr Danon further added, “
Notably, Hailo-10 showcases remarkable efficiency, able to running complex models like Llama2-7B and Stable Diffusion 2.1 inside an ultra-low power envelope, setting recent benchmarks in the sphere. The accelerator’s early applications are poised to revolutionize PCs and automotive infotainment systems by powering sophisticated AI features corresponding to chatbots and private assistants, heralding a brand new era of intelligent edge computing.
With sample shipments of the Hailo-10 GenAI accelerator anticipated in Q2 of 2024, Hailo is on the forefront of ushering generative AI into the mainstream, transforming how users interact with technology on a fundamental level.
