• About & Contact Us
  • SEO Community

Ulancer.com

    • Latest Stories

      What is new?

    • Meet the startups that pitched at EF’s 10th Demo Day in London

      September 27, 2018

    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A

      September 27, 2018

  • News
  • How to’s
  • Writing
  • Startups
  • Jobs
  • More
    • CMS Tools
    • APPS
    • Web Resources
      • Advertising
      • Firefox
      • Scripts
      • Tools

Hailo raises a $12.5M Series A round for its deep learning chips

  • by Ulancer Contributor
  • In Startups
  • — 5 Jun, 2018

For the longest time, chips were a little bit boring. But the revolution in deep learning has now opened the market for startups that build specialty chips to accelerate deep learning and model evaluation. Among those is Israel-based Hailo, which is building deep learning chips for embedded devices. The company today announced that it has raised a $12 million Series A round.

Investors include Israeli crowdfunding platform OurCrowd, Maniv Mobility, Next Gear, and a number of angel investors, including Hailo’s own chairman Zohar Zisapel and Delek Motors’ Gil Agmon.

Hailo tells me that it will use the new round, which brings its total funding to $16 million, to further develop its deep learning processors. The company expects samples to reach the market in the first half of 2019. Those chips will be able to run embedded AI applications in a wide range of settings, including drones and cars, as well as smart home appliances and cameras.

The key market for Hailo is the car industry, though. In that respect, it’s following in the footsteps of other Israeli startups like Mobileye, which Intel eventually acquired.

“The 70-year old architecture of existing processors is inadequate to meet today’s deep learning and AI processing needs,” says Orr Danon, Hailo CEO. “Hailo is revolutionizing the underlying architecture of the processor to boost deep learning processing by several orders of magnitude. We have completely redesigned the pillars of computer architecture – memory, control and compute – and the relations between them.”


News source

You might also like...

  • BGF Ventures leads ticket search engine TickX’s £3M Series A 2 Mar, 2018
  • Bird has officially raised a whopping $300M as the scooter wars heat up 28 Jun, 2018
  • An update on black women raising startup funding 14 Jun, 2018
  • Discord’s Jason Citron to chat it up at Disrupt SF 31 Jul, 2018
  • Previous story Scooter startup Lime is reportedly raising $250M led by Uber investor GV
  • Next story The Uberization of telcos
  • RSS
    Receive Freebies & Latest Posts Directly To Your Email - it's Free!

    • Recent Posts
    • Most Popular
    • Comments
    • 7hrCggmJ-AMMeet the startups that pitched at EF’s 10th Demo Day in LondonSeptember 27, 2018
    • oNo38LV2tQIRally Rd., the app that lets you invest in classic cars, raises $7M Series ASeptember 27, 2018
    • Nearby.gifBerkanan is a Bluetooth-powered group messaging appSeptember 27, 2018
    • 2122.pngVinay Gupta to talk about Mattereum at Disrupt BerlinSeptember 27, 2018
    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
    • wptheme2A Collection of Free WordPress ThemesJuly 11, 2010
    • Rithika Kumar on:5 Key Reasons to Choose WordPress for your Business Website
    • Ruslan Winter on:TransferWise’s next partnership could be with U.K. challenger bank Monzo
    • Sammy May on:Curve, the fintech that connects all your cards to a single card and app, gets full consumer launch
    • Sammy May on:Curve, the fintech that connects all your cards to a single card and app, gets full consumer launch
  • Staff Picks

    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
  • Recent Posts

    • Meet the startups that pitched at EF’s 10th Demo Day in London
    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A
  • Search Our Blog

  • Ulancer is an insightful freelance blog and resource site. We provide intuitive articles that cover Photoshop tutorials, time-saving management tips covering a broad range of topics. We also have an active freelance community forum, there you can meet other freelancers that share your common interest, socialize and chat about freelance trending news as the occurred.

© Copyright 2013 Ulancer.