Hailo Expands Series A Round to $21M and Launches Hailo-8 Fast Track Program for Select Customers
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 range of other markets including surveillance, smart home, IoT and industrial, as well as robotics, AR/VR platforms and wearables.
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