AI chipmaker Hailo today announced it has raised $136 million in a Series C funding round led by Poalim Equity and Gil Agmon.
The round was joined by existing investors, including Hailo Chairman Zohar Zisapel, Swiss-based ABB Technology Ventures (ATV), London’s Latitude Ventures, Israel’s OurCrowd, and new investors, including Carasso Motors, Comasco, Shlomo Group, Talcar Corporation Ltd., and Automotive Equipment (AEV) [Machshiri Tnua].
Mooly Eden, a former Intel svp will join Hailo’s board of directors, and Eyal Waldman, Co-Founder and former CEO of Mellanox Technologies, will join its advisory board.
The round brings Hailo’s total funding to $224 million.
The funding will allow the company to develop its next-generation products and expand into new and existing markets.
Hailo has been expanding its product line, recently launching both its M.2 and Mini PCIe high-performance AI acceleration modules for edge processing.
The company has has doubled its customer base to 100 over the last two fiscal quarters of 2021.