Hailo raises $60M Series B for its AI chips

Israeli AI chipmaker Hailo today announced that it has raised a $60 million Series B funding round led by its existing investors, who were joined by new strategic investor ABB Technology Ventures, the venture arm of the Swiss-based multination ABB, NEC Corporation and Londons’ Latitude Ventures. The new funding will help Hailo to roll out its Hailo-8 Deep Learning chip and to get into new markets and industries. Learn more about your ad choices. Visit podcastchoices.com/adchoices