Hailo raises a $12.5M Collection A spherical for its deep studying chips – TechCrunch

Fundings and Exits

For the longest time, chips had been a bit of bit boring. However the revolution in deep studying has now opened the marketplace for startups that construct specialty chips to speed up deep studying and mannequin analysis. Amongst these is Israel-based Hailo, which is constructing deep studying chips for embedded gadgets. The corporate in the present day introduced that it has raised a $12 million Collection A spherical.

Traders embrace Israeli crowdfunding platform OurCrowd, Maniv Mobility, Subsequent Gear, and plenty of angel buyers, together with Hailo’s personal chairman Zohar Zisapel and Delek Motors’ Gil Agmon.

Hailo tells me that it’s going to use the brand new spherical, which brings its complete funding to $16 million, to additional develop its deep studying processors. The corporate expects samples to achieve the market within the first half of 2019. These chips will be capable of run embedded AI purposes in a variety of settings, together with drones and vehicles, in addition to sensible residence home equipment and cameras.

The important thing marketplace for Hailo is the automotive trade, although. In that respect, it’s following within the footsteps of different Israeli startups like Mobileye, which Intel ultimately acquired.

“The 70-year previous structure of present processors is insufficient to satisfy in the present day’s deep studying and AI processing wants,” says Orr Danon, Hailo CEO. “Hailo is revolutionizing the underlying structure of the processor to spice up deep studying processing by a number of orders of magnitude. We’ve fully redesigned the pillars of laptop structure – reminiscence, management and compute – and the relations between them.”

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