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Hailo Secures $60 Million to Launch AI Edge Chip

By ET Bureau - March 09, 2020 1 Mins Read

Hailo, AI, edge chip, chipmaker, NEC Corporation, Latitude Ventures, mobility, smart cities, industrial automation

Hailo, AI chipmaker has secured $60 million in series B funding led by previous and new strategic investors. In addition to existing investors, NEC Corporation, Latitude Ventures, and the venture arm of industrial automation and robotics company ABB (ABB Technology Ventures) also participated in the funding.

5G is Driving Digital Transformation in the Enterprise space

The raised capital will be used to accelerate the rollout of Hailo’s Hailo-8 chip that enables devices to run algorithms that previously would have required a datacenter’s worth of compute. It will also be used in areas such as mobility, smart cities, industrial automation, and retail among others.


Risks of Transforming Legacy Infrastructure


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