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Unicorn Hailo Closes $120 Million Funding Round, Debuts Powerful Hailo-10 AI Accelerator Bringing GenAI To Edge Devices

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–News Direct–

By Matthew Kalman

Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, announced the successful extension of its series C fundraising round with an additional investment of $120 million, bringing its valuation to more than $1 billion, Bloomberg reported.

The successful close is the latest sign of investor enthusiasm for startups that can help address a global chip shortage and fuel the development of generative AI, Bloomberg reported.

The company also announced the introduction of its innovative Hailo-10 high-performance generative AI (GenAI) accelerators that usher in an era where users can own and run GenAI applications locally including on many edge devices without registering to cloud-based GenAI services.

Hailos chips execute AI tasks with lower memory usage and power consumption than a typical processor, making them a strong candidate for compact, offline and battery-powered devices such as cars, smart cameras and robotics, said TechCrunch.

While the funding round has officially closed, investors can still participate in this raise for a limited period via an exclusive allocation available through OurCrowd, the online investment platform.

OurCrowd first invested in Hailo when it was valued at about $30 million. Now its a unicorn, said Jon Medved, OurCrowds Founder and CEO. We are excited and delighted to be able to offer investors the opportunity to participate in the development of impressive startups like this.

The current round brings Hailos total funding to more than $340 million.

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 Orr Danon Hailos CEO and Co-Founder. Together with the introduction of our Hailo-10 GenAI accelerator, it strategically positions us to bring classic and generative AI to edge devices in ways that will significantly expand the reach and impact of this remarkable new technology.

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, Danon said.

GenAI At The Edge

The new Hailo-10 GenAI accelerator enables a whole spectrum of applications that maintain Hailos leadership in both performance-to-cost ratio and performance-to-power consumption ratio. Hailo-10 leverages the same comprehensive software suite used across the Hailo-8 AI accelerators and the Hailo-15 AI vision processors, enabling seamless integration of AI capabilities across multiple edge devices and platforms.

Enabling GenAI at the edge ensures continuous access to GenAI services, regardless of network connectivity; obviates network latency concerns, which can otherwise impact GenAI performance; promotes privacy by keeping personal information anonymized and enhances sustainability by reducing reliance on the substantial processing power of cloud data centers.

By unlocking the power of GenAI on edge devices, such as personal computers, smart vehicles and commercial robots, Hailo-10 allows users to completely own their GenAI experiences, making them an integral part of their daily routine. Hailo accomplishes this immersive GenAI experience through a Hailo-10 architecture that supports maximum GenAI performance with minimum required power.

As GenAI on the edge becomes immersive, the focus turns to handling large LLMs in the smallest possible power envelope essentially less than five watts, Danon said.

Since its founding in Israel in 2017, Hailo has become a leading global supplier of intelligent AI chips that serves more than 300 customers around the world. The company has offices in the United States, Europe, Japan, South Korea, China and Taiwan.

Whether users employ GenAI to automate real-time translation or summarization services, generate software code, or images and videos from text prompts, Hailo-10 lets them do it directly on their PCs or other edge systems, without straining the CPU or draining the battery, Danon said.

Top Class Performance

Hailos specialized AI processors enable data center-class performance on edge devices. Hailos processors are the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real-time, with minimal power consumption, size and cost. The processors are designed to fit into a multitude of smart machines and devices, impacting a variety of sectors including compute, automotive, security, industry 4.0, and retail.

Early applications of Hailo-10 GenAI accelerators will be targeting PCs and automotive infotainment systems, empowering current and future CPUs that cannot by themselves power the chatbots, copilots, personal assistants and speech-operated operating systems that have become standard today. Hailo will begin shipping samples of the Hailo-10 GenAI accelerator in Q2 of 2024.

Among popular GenAI platforms, Hailo-10 can run Llama2-7B with up to 10 tokens per second (TPS) at under 5W of power. In processing Stable Diffusion 2.1, a popular model that produces images from text prompts, Hailo-10 is rated at under 5 seconds per image in the same ultra-low power envelope.

Hailo-10 is capable of up to 40 TOPS (tera operations per second), a new performance standard for edge AI accelerators. Hailo-10 is faster and more energy efficient than integrated neural processing unit (NPU) solutions and delivers at least 2X more performance at half the power of Intels Core Ultra NPU, according to recently published benchmarks.

Hailo will be present at the Embedded World exhibition in Nuremberg, April 9-11, Booth 126, Hall 1, and at the ISC West exhibition in Las Vegas, April 10-12, Booth #31065.

For more information about investing in Hailo via the OurCrowd platform, click HERE.

Featured photo courtesy of OurCrowd.

OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global crowd gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Contact Details

Lisa Graston

lisa.graston@ourcrowd.com

Company Website

http://www.ourcrowd.com

View source version on newsdirect.com: https://newsdirect.com/news/unicorn-hailo-closes-120-million-funding-round-debuts-powerful-hailo-10-ai-accelerator-bringing-genai-to-edge-devices-743865891

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Press Release

Soileum Network Unveils Revolutionary SOIL Technology for Decentralized Identity, Announces Public Testnet, and Airdrop

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October 21, 2024 – Soileum Network, a visionary player in the blockchain space, is leading the charge in transforming decentralized identity solutions through its innovative Secure Open Identity Layer (SOIL) technology. With the highly anticipated launch of its public testnet on the horizon, Soileum is inviting developers, businesses, and Web3 enthusiasts to join a new era of identity-powered decentralized applications (dApps). The testnet will provide a global platform for developers to start building Self-Sovereign Identity (SSI) solutions that empower users to own and control their digital identities across multiple platforms and services.

A New Dawn for Decentralized Identity Solutions

Soileum Network was founded in 2022 with a vision to bridge the gap between traditional identity systems and the decentralized Web3 ecosystem. Working alongside a skilled team of blockchain developers, Soileum Network has developed a state-of-the-art identity layer that enables secure, scalable, and self-sovereign identity solutions. This breakthrough aims to accelerate Web3 adoption, particularly in industries where identity verification and management are critical, such as finance, healthcare, e-commerce, and supply chain.

Decentralized identity is the next frontier in blockchain technology, and Soileum Network is poised to lead the revolution. We envision a world where individuals control their own identities without relying on centralized institutions, and businesses can seamlessly adopt secure identity solutions in a decentralized framework,” said Badrinath M, Founder and CEO of Soileum Network.

The SOIL-Powered Ecosystem: Governance, Security, and Staking Opportunities

As a Layer 1 blockchain network, Soileum Network’s ecosystem is powered by SOIL coin, the native token that underpins its decentralized identity solutions. SOIL coin serves multiple functions, including powering the identity layer, maintaining network governance, and providing incentives for network validators through a robust staking mechanism.

By staking SOIL coins, investors and participants can contribute to the security and governance of the network while earning rewards. Stakers also gain access to the validator ecosystem, where they can help secure the network and participate in decision-making processes.

The introduction of decentralized identity technology within Soileum Network’s blockchain will pave the way for secure and frictionless interactions in digital environments, ensuring that identity verification processes can be trusted without sacrificing user privacy or control. This is particularly valuable in traditional industries where digital identity verification is essential, enabling businesses to transition smoothly into the decentralized Web3 world.

Developer-Centric Approach: SDKs for Seamless Integration

Soileum Network is committed to providing a seamless developer experience, with its team actively working on building Software Development Kits (SDKs) for various technologies. These SDKs are designed to simplify the integration of Soileum-powered decentralized identity solutions into applications and platforms, enabling developers to build secure, identity-first dApps with minimal friction.

The availability of these SDKs will significantly lower the barrier to entry for developers and businesses, allowing them to integrate decentralized identity solutions into their systems more easily. This focus on usability and accessibility ensures that the Soileum Network ecosystem can grow rapidly, fostering innovation and new use cases across industries.

Biggest Airdrop Yet: An Invitation to Join the Decentralized Identity Movement

In celebration of the upcoming testnet launch, Soileum Network has announced its biggest-ever Airdrop. This global campaign invites blockchain enthusiasts, crypto investors, and anyone passionate about the decentralized future to participate and win free SOIL tokens. The Airdrop offers an exciting opportunity for early supporters to get involved with the project and benefit from its future growth.

“With our Airdrop, we aim to reward our early supporters and those who believe in the power of decentralized identity. This is just the beginning of our journey, and we’re excited to bring the global community along with us,” said Badrinath M.

Following the testnet launch, Soileum Network will also kick off its presale, providing crypto investors with an opportunity to not only support the decentralized identity revolution but also potentially build wealth with SOIL coin as the network grows.

Web3 Adoption at the Core of Soileum’s Mission

Soileum Network is uniquely positioned to bring decentralized identity into mainstream use. Its Secure Open Identity Layer (SOIL) is designed to power a wide array of decentralized applications, making it easier for businesses to adopt Web3 technologies while providing users with greater control over their personal data.

With identity being at the core of so many business use cases, from finance and healthcare to online retail and entertainment, Soileum’s technology addresses a fundamental need in the transition to Web3. By offering Self-Sovereign Identity (SSI) solutions, Soileum ensures that users can manage their digital identities across platforms in a secure, decentralized, and privacy-preserving manner.

Join the Revolution

As Soileum Network continues to build momentum ahead of its public testnet launch, the team remains committed to its vision of revolutionizing decentralized identity and driving global Web3 adoption. To join the movement, participate in the Airdrop, and learn more about the presale, visit https://soileum.com.

For developers eager to get started building on the Soileum Network, more information on the testnet and SDKs will be available soon.

Stay connected and follow Soileum Network https://soileum.com/community  for the latest updates.

About Soileum Network:

Founded in 2022, Soileum Network is a next-generation Layer 1 blockchain focused on transforming decentralized identity through its innovative Secure Open Identity Layer (SOIL) technology. The network empowers developers, businesses, and individuals to adopt decentralized identity solutions, driving the growth of Web3. SOIL coin powers the ecosystem, serving as the token for governance, security, and staking. With its upcoming testnet, Soileum Network is poised to become a key player in the decentralized identity space.

Company Name: Soileum Network

Contact Person: Badrinath M

Contact Email: team@soileum.com

City: Bangalore 

State: India

Website link: https://soileum.com 

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Press Release

PhotoboothTO Announces New Heart-of-Toronto Address at 548A Dundas St W

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PhotoboothTO, Toronto’s leading photo booth rental company, announces the grand opening of its new downtown location at 548A Dundas St W. Recognized as Downtown Toronto’s #1 by BlogTO, WeddingWire, and EventSource, and awarded “Best Photo Booth Rental Service in Toronto 2024” by Top Choice Awards, this move enhances client accessibility. The new showroom features cutting-edge technologies like the Instapod, 360 Video Booth, and GlamBOT 360, offering unforgettable event experiences.

Toronto’s premier photo booth rental company, PhotoboothTO, is thrilled to announce the grand opening of its new downtown location at 548A Dundas St W, Toronto, ON M5T 1H3. Recognized as Downtown Toronto’s #1 Photo Booth rental and 360 Photo Booth rental company by BlogTO, WeddingWire, and EventSource, PhotoboothTO continues to set the industry standard. The company was recently honored with the “Best Photo Booth Rental Service in Toronto 2024” award by Top Choice Awards.

This strategic move into the heart of the city marks a significant milestone for PhotoboothTO and promises enhanced services and accessibility for clients across the Greater Toronto Area.

Strategic Placement in the Heart of Toronto

Located in the bustling downtown area, the new address places PhotoboothTO at the center of Toronto’s vibrant event scene. The strategic placement allows for seamless connectivity via public transit and major roads, making it more convenient for clients to visit the showroom or arrange consultations.

The central location not only enhances accessibility but also enables quicker service and setup times for events within the city. Clients hosting weddings, corporate events, or private parties in downtown Toronto can now benefit from faster response times and more efficient service delivery.

Company Recognitions and Awards

PhotoboothTO’s commitment to excellence has been acknowledged by leading industry platforms. Recommended as Downtown Toronto’s #1 Photo Booth rental and 360 Photo Booth rental company by BlogTO, WeddingWire, and EventSource, the company has consistently delivered top-tier services. The recent accolade of “Best Photo Booth Rental Service in Toronto 2024” by Top Choice Awards further solidifies PhotoboothTO‘s position as an industry leader.

Expanded Services and Offerings

At the new state-of-the-art showroom, clients can experience PhotoboothTO’s cutting-edge offerings firsthand. The showroom features live demonstrations of the latest technologies, including the Instapod, 360 Video Booth, and the much-acclaimed GlamBOT 360.

The GlamBOT 360 service captures high-quality, dynamic videos, adding a Hollywood touch to any event. It has become increasingly popular at high-profile weddings and corporate galas, offering guests an unforgettable experience. With the new location, PhotoboothTO plans to host workshops and interactive events to showcase these innovative technologies to clients.

Commitment to the Community

PhotoboothTO has a long-standing history of involvement in Toronto events, from intimate weddings to large-scale corporate functions. The move to the downtown core underscores the company’s commitment to supporting local events and engaging with the community.

By partnering with local businesses and event venues, PhotoboothTO aims to contribute to the vibrancy of Toronto’s event industry. The new location enables the company to provide better support for a wide range of events, enhancing the overall experience for clients and their guests.

Experience the PhotoboothTO Difference

Event planners, couples, and corporate clients are invited to experience the difference that PhotoboothTO’s innovative services can make. With a wide array of cutting-edge offerings, we ensure that every event becomes a memorable experience for guests. Whether it’s the GlamBOT 360, capturing high-quality, Hollywood-style videos, or the Instant-Printing Photo Booths that allow guests to take home physical mementos instantly, our services are designed to impress.

No matter the occasion, PhotoboothTO’s offerings are tailored to create a truly unforgettable experience, elevating your event to new heights.

Media Contact

Organization: PhotoboothTO

Contact Person: Christian Gladwell

Website: https://photoboothto.com/

Email: Send Email

Contact Number: +18027349577

Address: 548A Dundas St W

City: Toronto

State: ON

Country: Canada

Release Id: 22102418779

The post PhotoboothTO Announces New Heart-of-Toronto Address at 548A Dundas St W appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

How to Prepare for Job Interviews with Kickresume

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So, you’ve successfully navigated through the Applicant Tracking System (ATS), and your resume has impressed enough to secure an interview. Now, the real challenge begins. The interview is a crucial step that can either make or break your chances of landing the job. While some of us may feel confident from prior experience, many job seekers require extra preparation to pass interviews and land their dream positions.In this article, we will explore how to prepare for job interviews with the help of Kickresume’s advanced tools and features, giving you the edge you need to impress hiring managers.

So, you’ve successfully navigated through the Applicant Tracking System (ATS), and your resume has impressed enough to secure an interview. Now, the real challenge begins. The interview is a crucial step that can either make or break your chances of landing the job. While some of us may feel confident from prior experience, many job seekers require extra preparation to pass interviews and land their dream positions.

How to Prepare for Job Interviews with Kickresume

In this article, we will explore how to prepare for job interviews with the help of Kickresume’s advanced tools and features, giving you the edge you need to impress hiring managers.

5 Reasons Why Job Applicants Fail Interviews

  1. Lack of Preparation: Many candidates show up without having done sufficient research about the company or role.
  2. Poor Communication Skills: Interviewees often struggle to express their skills and experiences effectively.
  3. Inability to Answer Unconventional Questions: Some candidates get flustered by unexpected questions they weren’t prepared for.
  4. Lack of Confidence: Nervousness can undermine your performance and lead to missed opportunities to showcase your strengths.
  5. Failure to Understand the Role: Candidates who don’t fully grasp the specifics of the job they’re interviewing for often struggle to give relevant answers.

How to Prep for Job Interviews with Kickresume

Kickresume is a powerful tool designed to help job seekers not only create standout resumes but also prepare for job interviews using advanced artificial intelligence. With its AI Job Interview Questions Generator, Kickresume helps you get ready for your interviews by simulating real-world scenarios and providing tailored questions for your industry, job role, and level of experience.

1. Generate Custom Interview Questions

Kickresume uses AI algorithms to create semi-random interview questions based on your resume, job title, and industry. Once you upload your resume, Kickresume analyzes your background and generates a list of questions that hiring managers are likely to ask. This feature exposes you to a diverse set of questions, helping you anticipate the unpredictable nature of real interviews.

The benefit here is clear: you’re not just guessing what might come up in the interview. Instead, you’re practicing for the specific questions that are relevant to your field, which increases your preparedness and confidence.

2. Practice for Both Common and Unconventional Questions

One key advantage of Kickresume’s AI Job Interview Questions Generator is that it doesn’t just focus on standard questions like “Tell me about yourself” or “What are your strengths and weaknesses?” It also prepares you for more unique or challenging questions that can throw less-prepared candidates off.

Whether you’re asked about your problem-solving skills, your approach to teamwork, or how you handled failure, Kickresume helps you structure thoughtful and clear answers.

This holistic preparation ensures that you can navigate both the predictable and unexpected aspects of any interview with confidence.

3. Understand the Intent Behind Each Question

Another standout feature is the platform’s ability to explain the rationale behind each interview question. Kickresume helps you understand why a hiring manager might ask a particular question, giving you deeper insight into what they’re looking for in your response.

For example, when asked, “How do you handle failure?” a hiring manager is likely trying to gauge your resilience and ability to learn from mistakes. By understanding this, you can frame your answer to highlight these traits.

4. Save Time with Effective Preparation

Using Kickresume’s AI-powered question generator saves you time. Instead of spending hours scouring the internet for potential interview questions or guessing what might be asked, Kickresume does the heavy lifting for you. The targeted questions and preparation tips allow you to focus your energy on refining your responses rather than creating the questions from scratch.

5. Improve Your Confidence and Communication

Practice makes perfect, and Kickresume’s interview preparation tools allow you to practice as many times as you need. The more familiar you are with the types of questions you might encounter, the more comfortable and confident you will be during the actual interview.

With Kickresume, you’ll improve your communication skills, refine your answers, and be well-prepared to tackle any question thrown your way.

Kickresume Helps Hiring Managers Too

Kickresume isn’t just for job seekers, it’s also a great resource for hiring managers. The platform helps recruiters create role-specific interview questions, making the interview process smoother and more effective.

By using Kickresume’s tools, hiring managers can generate thoughtful, tailored questions that dive deeper into a candidate’s skills and experience, leading to more engaging and insightful interviews.

Kickresume’s AI-powered interview preparation tools offer a unique advantage by generating tailored questions, explaining the intent behind each one, and simulating real-world interview scenarios.

For hiring managers, it simplifies the preparation process and ensures more meaningful interviews. Whether you’re applying for a position or conducting the interviews, Kickresume offers a comprehensive, AI-driven solution to improve the process for everyone involved.

By utilizing Kickresume, you’ll walk into your next interview with confidence and the right answers to make a lasting impression.

Read also: How Kickresume Can Help You Land Your Dream Job

Media Contact

Organization: Kick resume

Contact Person: Juraj Ondrejka

Website: https://bit.ly/kickresumebuilder

Email: Send Email

City: Beckov

Country: Slovakia

Release Id: 22102418750

The post How to Prepare for Job Interviews with Kickresume appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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