# Hailo Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hailo-technologies

- Industry: Electronics
- Headquarters: Tel Aviv, Israel
- Website: www.hailo.ai
- Total disclosed funding: $337M
- Latest round: Series C (Apr 2, 2024)
- Investors on record: 13

## About

Hailo Technologies Ltd., based in Israel, develops advanced AI processors designed for edge computing, focusing on high-performance applications in deep learning and neural networks.Founded in 2017 in Tel Aviv, Israel, Hailo Technologies Ltd. specializes in AI processors for edge computing. The company raised USD 120 mn in Series C funding on April 2, 2024, co-led by Delek Motors and other investors. CEO Orr Danon leads the firm, which has completed six deals in total, with a current valuation of USD 1,200 mn.Hailo specializes in developing advanced AI processors tailored for edge computing, focusing on high-performance deep learning applications. The company's primary products include the Hailo-8 and Hailo-10H AI accelerators, designed for efficient real-time deep learning inference with low power consumption. These processors support diverse neural networks, such as vision transformer models and large language models (LLMs), catering to sectors like automotive, security, industrial automation, retail, and personal computing. Hailo's offerings enhance edge devices' functionality, enabling capabilities like AI image enhancement and intelligent video processing, marketed globally in North America, Europe, and Asia.Hailo generates revenue through direct sales and partnerships with tech developers and businesses across various industries. Sales involve AI processor units, sold individually or in bundles with integrated systems and software support. The company engages in strategic partnerships that integrate Hailo products into their solutions, facilitating B2B transactions. Revenue stems from flagship products like the Hailo-8 and Hailo-10H, responding to the growing demand for efficient AI in edge devices, with pricing reflecting the advanced technology and performance capabilities.In April 2024, Hailo Technologies Ltd. raised USD 120 mn in Series C funding to support the continued development of generative artificial intelligence. The company plans to launch new products designed for advanced applications in the AI sector and aims to expand into new markets, specifically targeting regions in North America and Europe by the end of 2024.

## Funding rounds

- Series C, Apr 2, 2024, $120M — Poalim Equity, OurCrowd, Comasco, Talcar Corp.
- Series C, Oct 12, 2021, $136M — Poalim Equity, ABB Technology Ventures, OurCrowd, Latitude Ventures, Shlomo Real Estate, Carasso Motors Ltd., Comasco, Talcar Corp., Automotive Equipment
- Series B, Mar 5, 2020, $60M — NEC, ABB Technology Ventures, Maniv Mobility, OurCrowd, Glory Ventures, Next Gear Ventures, Latitude Ventures
- Series A, Jan 22, 2019, $8.5M — Maniv Mobility, OurCrowd, Glory Ventures, Next Gear Ventures
- Series A, Jun 5, 2018, $13M — Maniv Mobility, OurCrowd, Next Gear Ventures

## Investors

- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Series A, Series B
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A, Series B, Series C
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Series A, Series B
- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Series A, Series B
- NEC — Series B
- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Series B, Series C
- Latitude Ventures (https://capitalatlas.ai/funds/latitude-ventures) — Series B, Series C
- Poalim Equity — Series C
- Shlomo Real Estate — Series C
- Carasso Motors Ltd. — Series C
- Comasco — Series C
- Talcar Corp. — Series C
- Automotive Equipment — Series C