Posted 4/2/2024, 12:37:04 PM
AI Chip Startup Hailo Raises $120 Million to Power On-Device AI for Cars, Cameras, Robots
- Hailo, an AI chip startup, raised $120 million in new funding to expand its edge AI hardware business
- Hailo faces intense competition from AI chip leader Nvidia, while other startups struggle in the funding climate
- Hailo's chips specialize in efficient AI processing for edge devices like cars, cameras, and robots
- With over 300 customers, Hailo aims to bring high-performance AI processing to devices outside of cloud data centers
- Hailo sees demand for on-device AI surging further with generative AI, as customers want to run large language models locally