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Israeli startup Hailo, developers
of a proprietary processing
architecture for deep learning
on edge devices, has expanded
its Series A funding round to
$21 million.
Chinese
venture
capital
firm, Glory Ventures, led the
investment-round expansion
and was joined by existing
and other new investors. The
investment will enable the company to expand its target
markets into China and Hong Kong, complementing its
existing markets in Europe, North America, Japan and
Korea.
Hailo is also opening registration for the Hailo-8 Fast
Track program to select customers and is offering these
customers the opportunity to evaluate the initial samples of
its high-performance, low-power and small-size Hailo-8™
deep learning processor.
Program participants from various sectors will also be able
to develop and prototype their own deep learning products
based on the Hailo-8 processor.
Beyond the value it delivers to its strategic focus, the
automotive market, Hailo’s breakthrough processor
technology serves deep learning applications in a wide
TowerJazz, the global specialty foundry leader, and Ranix,
a total solution provider for automotive communication and
IoT security, announced the development of RF transceivers
for V2X (Vehicle-to-everything) and ETCS (Electronic Toll
Collection System) modems for the automotive market
based on TowerJazz’s advanced RF manufacturing platform.
Ranix’s RF transceiver design is specifically customized for
ETCS and V2X modems.
Hailo expands Series A round to $21M and launches
Hailo-8™ Fast Track program for select customers
TowerJazz and Ranix announce a partnership to develop
RF transceivers to be used in V2X and ETCS Systems for
the Automotive Market
range of other markets including
surveillance, smart home,
IoT and industrial, as well as
robotics, AR/VR platforms and
wearables.
“The expansion of our Series A
round and the addition of Glory
Ventures to our investor roll
boosts our ability to bring out
innovative, powerful and resilient
deep learning processors for
edge devices, and helps us target the strategic markets of
China and Hong Kong,” said Orr Danon, Hailo CEO and co-
founder. “The upcoming samples of our Hailo-8 processor
will help players in multiple markets overcome the daunting
barriers of sufficiently low power consumption, size and
cost which currently prevent them from deploying intense
deep learning capabilities in their edge products.”
“We have been following the AI compute global landscape
closely and found Hailo’s technology to stand out” said
Eric Yang, founding partner at Glory Ventures. “We are
impressed with the Hailo team and their ability to execute.
We look forward to continuing our relationship with them
as AI becomes a ‘must-have’ technology in every camera-
enabled device.”
RF transceiver for V2X modem is targeting the growing
worldwide automotive market’s need for WAVE (Wireless
Access in Vehicle Environments) systems. Ranix is the
sole domestic Korean company providing V2X solutions
for Korea’s automobile market and largest manufactures,
expecting to expand its presence worldwide as well. The
RF transceiver for ETCS has been designed to be compliant
with the Korean and Chinese market standards to
16 l New-Tech Magazine Europe