Israeli startup Hailo, developer of a proprietary processing architecture for deep learning on edge devices, has expanded its Series A funding round to $21 million. Glory Ventures, a Chinese venture capital firm, led the investment-round expansion and was joined by existing and other new investors. The investment will enable the company to expand its target markets into China and Hong Kong, complementing its existing markets in Europe, North America, Japan and Korea.
Hailo is also opening registration for the Hailo-8 Fast Track program to select customers and is offering the opportunity to evaluate the initial samples of its high-performance, low-power and small-size Hailo-8 deep learning processor. Program participants from various sectors will also be able to develop and prototype their own deep learning products based on the Hailo-8 processor.
Beyond its strategic focus on the automotive market, according to Hailo, its processor technology can also serve deep learning applications in a wide range of additional markets including surveillance, smart home, IoT and industrial, as well as robotics, AR/VR platforms, and wearables.
"The expansion of our Series A round and the addition of Glory Ventures to our investor roll boosts our ability to bring out innovative, powerful and resilient deep learning processors for edge devices, and helps us target the strategic markets of China and Hong Kong," said Orr Danon, Hailo CEO and co-founder. “The upcoming samples of our Hailo-8 processor will help players in multiple markets overcome the daunting barriers of sufficiently low power consumption, size and cost which currently prevent them from deploying intense deep learning capabilities in their edge products."
For more information, go to www.hailotech.com.
For more information about the Hailo-8 Fast Track program, go to