Hailo Technologies

Hailo Technologies (or simply Hailo) is an Israeli AI technology company specializing in designing and manufacturing AI processors and AI accelerator used in autonomous vehicles, security cameras, autonomous mobile robots, etc.

Headquartered in Tel Aviv and seven international offices, the company operates in North America, Europe, and Asia.

History
Hailo was founded in Tel Aviv in February 2017 by Orr Danon, Avi Baum, Hadar Zeitlin, and Rami Feig. Following the death of Rami Feig Orr Danon became the new CEO and Avi Baum became CTO.

The company's funding began in June 2017 with a seed round of $3.5 million. This was followed by Series A funding on June 5, 2018 (with additional funding on January 22, 2019), totaling $12.5 million and $8.5 million respectively.

Hailo unveiled its Hailo-8 AI accelerator on May 14, 2019.

Hailo secured Series B funding of $60 million on March 5, 2020, and a Series C funding of $136 million on October 12, 2021, led by Poalim Equity and Gil Agmon, with the participation of existing investors Zohar Zisapel (Hailo Chairman), Swiss-based ABB Technology Ventures (ATV), London's Latitude Ventures, and Israel's OurCrowd. The financing was done at a valuation of $1 billion, making Hailo a unicorn.

Also in 2021, Mooly Eden, former Senior VP at Intel, joined Hailo's board of directors, and Eyal Waldman, co-founder and former CEO of Mellanox Technologies, joined its advisory board.

Hailo's Hailo-8 AI Processor was chosen as 2021 Edge AI and Vision Product of the Year in the Edge AI Processors category.

The company's Hailo-15 vision processors were launched in March 2023. Its Hailo-8L entry-level AI accelerators and Hailo-8 Century high-performance PCIe cards were launched in August 2023. In 2024, Hailo-15 AI Vision Processor was recognized as a Picks Award Winner at CES 2024. In April 2024, Hailo expanded its series C fundraising round with an additional investment of $120 million and launched Hailo-10, a Generative AI acceleration module for edge devices.