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AI chipmaker Hailo raises $120M at $1.2 billion valuation, as chip startups accelerate growth of AI Hailo specializes in chips for the edge, to help robots, smartphones etc handle AI compute needs locally & not cloud data centers @business @technology https://t.co/2C9y1zjkmp #AI https://t.co/GlQT3gR240
Hailo secures $120 million as it continues to challenge Nvidia amidst the struggles of most AI chip startups #AI #AIchip #artificialintelligence #Automotive #CloudbasedAIinference #Edgedevices #Electronics #Funding #GenerativeAI #Hailo #Investment https://t.co/DuCSsCS47z https://t.co/kbRhogtOP7
Investor interest in startups related to chipmaking has clearly started to heat up. The latest example: A $120M extension round for Israel-based @Hailo_ai, which develops specialized AI processors for edge computing on smart, connected devices. https://t.co/fxoq9IWhmq
Hailo Technologies, an Israel-based AI chipmaker, has successfully raised $120 million in a Series C extension round, bringing its total funding to $340 million. The funding round, supported by Israeli firms and family offices, valued the company at $1.2 billion. Hailo specializes in the development of specialized, energy-efficient AI processors for edge computing on smart, connected devices. This funding will assist Hailo in continuing its competition with Nvidia, as it debuts its first chip for generative AI at the edge. The company's efforts reflect a broader trend of growing investor interest in chipmaking startups, especially those focusing on energy-efficient solutions for edge devices.
