Israeli AI Chipmaker Passes $340M Funding With Series C Round 

Israeli AI chipmaker Hailo has raised $120 million in its latest funding round, the company said. The Series C round means the company has raised more than $340 million in the seven years since its establishment. 

Investors in the round include OurCrowd, Israel’s largest online investment platform; Poalim Equity, Bank Hapoalim’s investment branch; and the Zisapel family. 

The company also announced its new Hailo-10 GenAI accelerator, which allows users to operate their own generative AI applications independently, without having to register with a cloud-based service. 

“The closing of our new funding round enables us to leverage all the exciting opportunities in our pipeline, while setting the stage for our long-term future growth,” said Hailo co-founder and CEO Orr Danon. 

 “We designed Hailo-10 to seamlessly integrate GenAI capabilities into users’ daily lives, freeing users from cloud network constraints. This empowers them to utilize chatbots, copilots, and other emerging content generation tools with unparalleled flexibility and immediacy, enhancing productivity and enriching lives,” he said.