October 12 - 12:10
Hailo raises $136m to fuel AI chip production
Israeli AI chip startup Hailo has secured $136m in private financing. The company specialises in AI modules for edge devices. In the last quarter, Hailo says it has doubled the number of projects it is working on. This extra cash - which came from Poalim Equity and Gil Agmon - will help it scale its operation. It plans to expand into new markets and invest in product development.
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