Investors include: Ourcrowd.com, Maniv Mobility, the Drive accelerator fund: Next Gear; as well as angel investors, Hailo Chairman Zohar Zisapel and Delek Motors CEO Gil Agmon. This latest funding round brings the total raised to date by the Tel Aviv-based company to $16 million.
The company, founded early in 2017, is the latest of scores of startups pursuing machine learning hardware but claims to have a revolutionary processor architecture to accelerate neural network processing.
Initial samples of the deep learning processor are expected to become available in the first half of 2019. It is being designed to run embedded AI applications on edge devices that are installed in autonomous vehicles, drones, and smart home appliances such as personal assistants, smart cameras and smart TVs.
CEO Danon served in a top Israel Defense Forces technology unit and is a recipient of the Israel Defense Prize. Zeitlin also served in the same IDF technology unit for nine years and was awarded the Chief of Staff Prize for technological excellence. Baum held several senior engineering management positions at Texas Instruments, including serving as CTO for the Wireless Connectivity Group. Hailo’s development team leaders include senior hardware and software engineers, many of whom served in top technology units in the IDF and worked for companies like Intel, Broadcom and Mellanox. Hailo's chief architect Daniel Ciubotariu, was previously a senior systems design engineer at Broadcom and was previously in the IDF.
The claim is that the Hailo processor will be provide a new PPA-cost [performance, power, area = cost] point that will be suitable for processing high-resolution sensory data in real-time.
"Hailo is revolutionizing the underlying architecture of the processor to boost deep learning processing by several orders of magnitude. We have completely redesigned the pillars of computer architecture – memory, control and compute – and the relations between them," said Danon, Hailo CEO, in a statement.
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