New-Tech Europe | February 2019

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Hailo expands Series A round to $21M and launches Hailo-8™ Fast Track program for select customers

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

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

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.”

TowerJazz and Ranix announce a partnership to develop RF transceivers to be used in V2X and ETCS Systems for the Automotive Market

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.

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

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