Hailo raises $136m Collection C

AI chipmaker Hailo in the present day introduced it has raised $136 million in a Collection funding spherical led by Poalim Fairness and Gil Agmon.

The spherical was joined by current buyers, together with  Hailo Chairman Zohar Zisapel, Swiss-based ABB Know-how Ventures (ATV), London’s Latitude Ventures, Israel’s OurCrowd, and new buyers, together with Carasso Motors, Comasco, Shlomo Group, Talcar Company Ltd., and Automotive Tools (AEV) [Machshiri Tnua].

Mooly Eden, a former Intel svp will be a part of Hailo’s board of administrators, and Eyal Waldman, Co-Founder and former CEO of Mellanox Applied sciences, will be a part of its advisory board.

The spherical brings Hailo’s complete funding to $224 million.

The  funding will  permit the corporate to develop its next-generation merchandise and broaden into new and current markets.  

Hailo has been  increasing its product line, lately launching each its M.2 and Mini PCIe high-performance AI acceleration modules for edge processing.

 The corporate has has doubled its buyer base to 100  over the past two fiscal quarters of 2021.

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