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Hailo takes on Nvidia with energy-efficient gen AI accelerator for edge devices and $120M in funding

Apr 02, 2024 - venturebeat.com
Israel-based startup Hailo has launched a new energy-efficient generative AI accelerator, Hailo-10, designed for edge devices such as cars and commercial robots. The processor will deploy AI applications without relying on cloud data centers, aiming to maximize performance and deliver cost and energy savings. Hailo also announced an additional investment of $120 million, extending its series C round and valuing the company at $1.2 billion. The Hailo-10 chip is set to ship in Q2 2024.

Hailo-10 is designed to run generative AI services directly on targeted devices, enhancing their current and future CPUs. The chip can deliver up to 40 TOPS (tera operations per second), a new performance standard for edge AI accelerators, according to Hailo. The company claims that Hailo-10 is more effective for inferencing than a GPU-based solution in terms of cost and power consumption. The initial industries to be targeted when Hailo-10 begins shipping are the PC and auto infotainment categories.

Key takeaways:

  • Hailo, an Israel-based startup, has launched a new energy-efficient gen AI accelerator for edge devices called Hailo-10, designed to deploy gen AI applications across edge devices without relying on cloud data centers.
  • The company has also extended its series C round with an additional investment of $120 million, valuing the company at $1.2 billion.
  • Hailo-10 is designed to run gen AI services directly on targeted devices, enhancing their current and future CPUs without straining the CPU or draining the battery.
  • The new chip will begin shipping in Q2 2024, initially targeting the PC and auto infotainment categories.
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