Hailo Raises $120 Million to Design More Efficient AI Chips
- Startup raised $340 million to date and valued at $1.2 billion
- New Hailo-10 AI processor consumes less power, company says
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Hailo Technologies Ltd, an Israel-based artificial intelligence chipmaker, has raised $120 million in funding — the latest sign of investor enthusiasm for startups that can help address a global chip shortage and fuel the development of generative AI.
Hailo said Tuesday that a number of Israeli firms and family offices participated in the funding round, including Delek Motors Ltd., OurCrowd Ltd. and Poalim Equity Ltd. The investment, part of an extended Series C round, brings the company’s total funding to date to $340 million and values Hailo at $1.2 billion.