Artificial Intelligence Chipmaker Hailo Raises $12.5 Million

Hailo develops chips capable of processing artificial intelligence applications on edge devices installed in autonomous vehicles, drones, internet of things (IoT) devices and smart home appliances

Tel Aviv-based artificial intelligence chip startup Hailo Technologies Ltd. has raised $12.5 million in a series A funding round, the company announced Tuesday.

Investors include Jerusalem-headquartered equity crowdfunding platform OurCrowd, as well as two venture capital funds dedicated to automotive technologies — Maniv Mobility, and Next Gear Management Ltd. The latest round brings the company’s total funding raised to $16 million. See More @ https://bit.ly/2sGysFh

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