Series C funding round is the largest in the edge AI chip space to date, highlighting the exploding demand for advanced AI processors for smart cities, smart retail, Industry 4.0, automotive, and beyond

Leading Israeli AI (Artificial Intelligence) chipmaker Hailo announced it has raised $136 million in a Series C funding round, led by Poalim Equity and Gil Agmon. The round brings Hailo’s total funding to $224 million.

In a world with skyrocketing demand for advanced, intelligent AI chips for countless industries, this funding will be used to address surging interest in the Hailo-8™ AI Processor for Edge Devices, allowing the company to further develop its next-generation products and expand into both new and existing global markets.