AI chipmaker Hailo in the present day introduced it has raised $136 million in a Collection C 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.