March 05 - 16:03
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AI chipmaker Hailo raises $60 million
Hailo, the Israeli developer of AI chips, has been boosted with $60 million in new investment. ABB Technology Ventures led the funding circle. Using the cash, Hailo aims to speed up the global rollout of its deep learning chip and reach new markets and industries. Currently focused on the automotive sector, Hailo's core product is built to run deep learning applications at the edge of networks.
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