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Hailo Raises $12.5m Series A Round To Develop Deep Learning Processor For Embedded Ai Applications

by vcaonline.com posted 4months ago 33 views
Hailo Raises $12.5 Million Series A Round to Develop Deep Learning Processor for Embedded AI Applications TEL AVIV, Israel, June 5, 2018-- Hailo, a company developing a proprietary chip for deep learning on edge devices, today announced the completion of a $12.5 million Series A round. The company's investors include Ourcrowd.com, Maniv Mobility, the Drive accelerator fund: Next Gear; as well as angel investors, Hailo Chairman Zohar Zisapel and Delek Motors CEO Gil Agmon. The company will use the funding to further develop its deep learning processor, which will deliver datacenter processing capacity to edge devices.