In a groundbreaking development for edge computing, Hailo, a pioneer in edge AI processors, has successfully secured a new funding milestone of $120 million, bringing its total investment to over $340 million. This financial injection coincides with the launch of its innovative Hailo-10 GenAI accelerator, signaling a significant shift towards embedding generative AI directly into edge devices within the personal computer and automotive industries.
The latest funding round was led by existing and new investors, including the Zisapel family, Gil Agmon, Delek Motors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and Poalim Equity.
CEO and Co-Founder of Hailo, Orr Danon, expressed, “The completion of our latest funding round enables us to capitalize on the exciting opportunities in our pipeline, while laying the foundation for our long-term growth. With the introduction of our Hailo-10 GenAI accelerator, we are strategically positioned to bring traditional and generative AI to edge devices in a way that will significantly expand the reach and impact of this groundbreaking technology. We have designed Hailo-10 to seamlessly incorporate GenAI capabilities into users’ daily lives, freeing them from the constraints of cloud networks. This empowers them to utilize chatbots, copilots, and other emerging content generation tools with unmatched flexibility and immediacy, enhancing productivity and enriching lives.”
Established in 2017 in Israel, Hailo has rapidly risen to prominence in the AI chip industry, serving over 300 customers worldwide. With offices across the United States and Asia, Hailo’s cutting-edge processors deliver data center-level AI performance on edge devices, revolutionizing traditional computer architecture and enabling real-time deep learning tasks with unparalleled efficiency.
Hailo-10 Accelerator
The introduction of the Hailo-10 accelerator is set to transform the user experience by enabling the execution of GenAI applications locally, without relying on cloud-based services. Orr Danon highlights the transformative potential of Hailo-10, emphasizing its seamless integration of GenAI capabilities into daily life. Hailo-10 not only promises enhanced productivity and enriched user experiences but also addresses privacy concerns by processing data locally and reducing dependence on cloud data centers.
Hailo-10 excels in performance-to-cost and performance-to-power consumption ratios, supporting a wide range of applications while ensuring sustainability. Its compatibility with Hailo’s comprehensive software suite, shared with the Hailo-8 and Hailo-15 processors, enables seamless integration across various devices and platforms.
Hailo-10 sets a new standard for edge AI accelerators with its ability to perform up to 40 tera operations per second (TOPS), surpassing integrated neural processing units (NPUs) in both speed and energy efficiency. Recent benchmarks demonstrate that it delivers double the performance while consuming only half the power compared to Intel’s Core Ultra NPU.
Orr Danon further stated, “Whether users utilize GenAI for real-time translation or summarization services, software code generation, or creating images and videos from text prompts, Hailo-10 allows them to do so directly on their PCs or other edge systems, without burdening the CPU or draining the battery.”
Notably, Hailo-10 showcases exceptional efficiency, capable of running complex models like Llama2-7B and Stable Diffusion 2.1 within an ultra-low power envelope, setting new benchmarks in the industry. Its early applications are poised to revolutionize PCs and automotive infotainment systems by powering advanced AI features such as chatbots and personal assistants, ushering in a new era of intelligent edge computing.
With sample shipments of the Hailo-10 GenAI accelerator expected in Q2 of 2024, Hailo is at the forefront of ushering generative AI into the mainstream, transforming how users interact with technology on a fundamental level.
