With this round, Hailo’s total funding is now $88 million. In part, the investor enthusiasm for Hailo is surely driven by the success of other Israeli chip startups. Mobileye, after all, went to
Intel for $15.3 billion, which also recently acquired Habana Labs. And the time, of course, is ripe for deep learning chips at the edge now that AI/ML technology is quickly becoming table stakes.
“Hailo is poised to become a defining player in the rapidly emerging market for AI processors,” said Julian Rowe, partner at Latitude Ventures. “Their Deep Learning edge chip can be disruptive to so many sectors today, while the new, innovative use cases Hailo’s chips can unlock are just starting to reveal themselves. We’re thrilled to join the team for what lies ahead.”