Israeli edge AI chipmaker Hailo raises $136m

The financing round of the advanced AI processor developer was completed at a company valuation of over $1 billion, according to sources close to the matter.

Israeli edge AI chipmaker Hailo today announced it has completed a $136 million Series C financing round led by Poalim Equity and Gil Agmon. No valuation for Hailo was disclosed but sources close to the company say the money was raised at a company valuation of $1.13 billion, making Hailo Israel’s latest unicorn.

Also participating in the round were existing investors, including Hailo Chairman Zohar Zisapel, Swiss-based ABB Technology Ventures (ATV), London’s Latitude Ventures, Israel’s OurCrowd, and new investors, including Carasso Motors, Comasco, Shlomo Group, Talcar Corp., and Automotive Equipment. Former Intel SVP Mooly Eden will join Hailo’s board and Mellanox cofounder and former CEO Eyal Waldman will join its advisory board. The round brings Hailo’s total funding to $224 million… Full article

Source: https://en.globes.co.il

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