Hailo Secures Largest-ever Funding in the Edge AI Space
Israeli AI chipmaker Hailo raised an additional $136 million on Tuesday during a private fundraising event participated in by Gil Agmon, the CEO and majority shareholder of Delek Motors and Poalim Equity, an Israeli-based investment bank. The new funding for Hailo is intended to support the expansion of edge AI as demand for the technology increases across the world. Hailo’s $136 million funding is the biggest of its kind in the edge AI space, and it was necessitated by the explosion of advanced AI processors demand. These processors are being increasingly used in automobiles, smart retail ventures, smart cities ,and... Read More >