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Hailo Closes New $120 Million Funding Round and Debuts Hailo-10, A New Powerful AI Accelerator Bringing Generative AI to Edge Devices

Hailo’s funding now exceeds $340 million as the company introduces its newest AI accelerator specifically designed to process LLMs at low power consumption for the personal computer and automotive industries, bringing generative AI to the edge. Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, announced it has extended its series C fundraising round with an additional investment of $120 million.