Israeli AI chip maker Hailo becomes newest ‘unicorn’ after USD 136 million Series C investment
Israeli AI chip maker Hailo becomes newest ‘unicorn’ after USD 136 million investment, bringing the total raised to USD 224 million. The investment values the Tel Aviv-based start-up at over USD 1 billion.
Founded in 2017, the company’s AI processor allows smart devices to run deep learning applications for industries such as automotive, drones, and home appliances.
The H-F & Co. team included Dana El-On, Dr. Adi Gillat, Yael Bar Shtainman, Nitzan Chen and Peleg Menirav.
The investment in Hailo was led by Poalim Equity and Gil Agmon, CEO of Delek Motors, a publicly traded company and the sole importer of Mazda, Ford and BMW vehicles and products to Israel. The round was also joined by existing investors including prominent Israeli entrepreneur Zohar Zisapel, founder of the RAD Group and chairman of Hailo; Swiss-based ABB Technology Ventures (ATV); London’s Latitude Ventures; and Israel’s OurCrowd. Vehicle importer Carasso Motors and Shlomo Group joined the round as new investors.
