Press Release
Unicorn Hailo Closes $120 Million Funding Round, Debuts Powerful Hailo-10 AI Accelerator Bringing GenAI To Edge Devices
–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
Company Website
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
OurCrowd
COMTEX_450935270/2655/2024-04-16T14:48:38
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Akko Ltd Cement Finishers, a trusted name in concrete work, is excited to announce the expansion of its services across Southwestern Ontario. Homeowners and businesses in Strathroy, London, Woodstock, St. Thomas, and nearby areas can now count on Akko Ltd for top-quality concrete projects that last.
Strathroy, ON N7G 2R9, Canada, 22nd Oct 2024 – Founded in 1977 by Chris Bakker, Akko Ltd Cement Finishers has been delivering reliable, durable concrete solutions for over 45 years. Specializing in everything from driveways and patios to porches, sidewalks, and foundations, Akko Ltd takes care of the entire process – from forming to finishing – ensuring every job meets the highest standards. Whether it’s for a home or a commercial property, they offer the same level of expertise and commitment to quality.
“We’re thrilled to extend our services to more communities throughout the region,” and “Our team takes pride in delivering concrete work that not only looks great but also stands the test of time. Whether it’s a driveway, a new patio, or a foundation, we’re dedicated to providing top-notch craftsmanship on every project.”
The company’s expanded reach means more people across Southwestern Ontario can now access their full range of services:
Concrete Driveways
Akko Ltd specializes in building concrete driveways that combine durability with aesthetics. Our driveways are designed to withstand the extreme weather conditions in Southwestern Ontario, providing long-lasting strength while adding to the curb appeal of your home or business. We use top-quality materials to ensure that your driveway not only looks good but also resists cracking and other wear over time.
Concrete Patios
Whether you’re looking to create a cozy outdoor retreat or a spacious area for entertaining guests, we offer customized concrete patio designs tailored to your needs. Our team works with you to design patios that fit your style and blend seamlessly with your outdoor space. Built to last, these patios offer a low-maintenance option for outdoor living that will stand up to the elements.
Concrete Porches & Steps
Enhance the front of your home with a sturdy, attractive concrete porch and steps. Akko Ltd ensures that your entryway is both safe and stylish, built to withstand daily use and weather exposure. Our team pays close attention to detail, providing a polished finish that complements the overall look of your property while offering the durability that only concrete can deliver.
Concrete Sidewalks
Whether for residential or commercial properties, we create functional and long-lasting concrete sidewalks that improve accessibility and add a polished look to your property. Our sidewalks are designed to withstand high foot traffic and weather conditions, ensuring that they remain in great condition for years to come.
Concrete Foundations
A solid foundation is critical for the stability of any building, and Akko Ltd has decades of experience in laying reliable concrete foundations. Our team ensures that the foundation is poured with precision, providing the support needed for any construction project. We handle all aspects of foundation work, from site preparation to final inspection.
Concrete Forming
We offer professional concrete forming services for a variety of structures, including residential, commercial, and industrial projects. Our skilled team ensures that the forms are set correctly, providing the proper shape and stability for the concrete to be poured. This crucial step guarantees that the final structure meets the highest standards for both safety and appearance.
Gas Bar Installation
Akko Ltd provides expert concrete installation services for gas stations and gas bar facilities. Our work includes precise concrete pouring for fuel pump islands, vehicle lanes, and other essential infrastructure. We ensure that these installations are built to handle heavy traffic and frequent use, offering strength and durability for high-demand environments.
Concrete Finishing
Our finishing services ensure that every concrete surface is smooth, polished, and ready for use. Whether it’s a driveway, patio, foundation, or sidewalk, we apply the final touches that give the concrete its sleek and finished appearance. From basic smooth finishes to decorative options like stamped or brushed concrete, we deliver high-quality results that meet your specific design and functional needs.
Akko Ltd Cement Finishers has built its reputation on quality work and exceptional customer service. Every project, no matter the size, receives the same attention to detail. Clients appreciate their transparency and professionalism, knowing the job will be done right, on time, and within budget.
To find out more about Akko Ltd Cement Finishers and their services, visit the website or social media channels at:
Media Contact
Organization: Akko Ltd Cement Finishers
Contact Person: Chris Bakker
Website: https://akkoltd.com/
Email: Send Email
Contact Number: +15192456252
Address: 39 Maitland Terrace
City: Strathroy
State: ON N7G 2R9
Country: Canada
Release Id: 22102418776
The post Akko Ltd Cement Finishers Expands Services Across Southwestern Ontario, Canada appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
The thrilling debut novel follows Grace, a forensic scientist with a deadly secret.
Buffalo, New York, United States, 22nd Oct 2024 – Deborah Corona-Wall enters the literary scene with the release of her gripping debut thriller, The Forensic Scientist Killer. This suspenseful tale dives into the double life of Grace, a forensic scientist specializing in blood spatter analysis, who also takes the law into her own hands by eliminating those who have escaped justice. The Forensic Scientist Killer promises to captivate fans of mystery and psychological thrillers, exploring themes of crime, deception, and vigilantism.
According to Corona-Wall, the novel is a deep exploration of blurred lines between justice and revenge. Grace’s calculated actions create a morally complex narrative, raising questions about the nature of good and evil. Her dual role as both protector and predator reflects the conflicting facets of law and justice.
An excerpt from the book reads:
“My name is Grace, and I am a forensic scientist. My specialty is blood spatter analysis, and I work for the police department. I have a dark secret: I kill those who have escaped punishment for their crimes. Each drop of blood tells a story, and when justice fails, I step in as judge, jury, and executioner. But the deeper I go, the harder it becomes to keep my two lives separate.”
As Grace’s world becomes increasingly precarious, readers are pulled into a story that tests the boundaries of morality. With each calculated kill, Grace’s professional and secret lives inch closer to collision—will her thirst for justice be her ultimate undoing?
The Forensic Scientist Killer is also available in Spanish as La Asesina Científica Forense and will soon be available in French, broadening its reach to an international audience.
About the Author
Deborah Corona-Wall is a passionate storyteller intrigued by the psychological complexities of crime and justice. Her debut novel, The Forensic Scientist Killer, marks the beginning of a planned series exploring moral ambiguity within the criminal justice system. Drawing on her knowledge of forensic science and criminal psychology, she crafts characters that are both chilling and compelling.
Book Details
The Forensic Scientist Killer by Deborah Corona-Wall
Hardcover | 6 x 9in | 108 pages | ISBN: 979-8343451658
Softcover | 6 x 9in | 108 pages | ISBN: 979-8343447750
eBook: 108 pages
Available in: English and Spanish, with the French version coming soon.
Release Date: October 2024
Available at Amazon
For Media Inquiries
For interviews, review copies, or further information, please contact:
Marketing Services
Tel: 1-571-399-5735
Fax: 706-925-2491
Email: connect(at)thenewyorkpublishers(dot)com
Media Contact
Organization: The New York Publishers
Contact Person: Marketing Services
Website: https://www.thenewyorkpublishers.com
Email: Send Email
Contact Number: +15713995735
City: Buffalo
State: New York
Country: United States
Release Id: 22102418777
The post Deborah Corona-Wall announces the release of The Forensic Scientist Killer appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Giant Lottos Receives Overwhelmingly Positive Reviews for Exceptional Service and Offerings
Canton, Michigan, 22nd October 2024, ZEX PR WIRE, Giant Lottos, a premier online lottery platform, continues to receive glowing reviews from users worldwide. This has solidified its reputation as a top choice for lottery enthusiasts. The platform’s outstanding services have contributed to its consistent stream of positive Giant Lottos reviews. Here’s a closer look at the key factors driving these rave reviews:
- An Impressive Selection of Lotteries and Raffles
Giant Lottos is known for offering one of the widest selections of lotteries and raffles available online. From the massive Powerball and EuroMillions jackpots to national draws like the UK Lotto, users are never short of options. This vast selection is a major reason why many Giant Lottos reviews praise the platform, as players appreciate the variety and the ability to participate in international lotteries from the comfort of their homes.
Moreover, the platform consistently updates its list of lotteries and raffles. It ensures players can access the latest and most popular draws. The convenience of accessing various lotteries under one roof is a significant draw for users, as reflected in numerous positive reviews.
- Unmatched Introductory Lottery Offers
For new users, Giant Lottos provides some of the best introductory lottery offers in the market. These offers include discounted tickets, free entries into major jackpots, and exclusive access to new games. New players often highlight these deals in their reviews, expressing their delight at the opportunity to experience a range of lotteries without breaking the bank.
These promotions not only make it more affordable for new players to get started but also enhance the overall user experience, encouraging them to explore the platform’s full suite of offerings. The introductory bonuses and deals have become one of the standout features that have contributed to the positive Giant Lottos reviews online.
- Nearly 20 Years of Industry Experience
With close to two decades of experience, Giant Lottos has built a solid reputation for reliability and transparency in the online lottery space. This extensive experience provides players with the confidence they need when participating in online lotteries. Many reviewers specifically mention the company’s longstanding presence in the industry as a key factor in their trust and satisfaction with the platform.
Giant Lottos’ deep industry knowledge enables it to offer a seamless and hassle-free lottery experience, from ticket purchasing to prize claiming. This experience and trustworthiness are often noted in reviews, with users appreciating the platform’s professionalism and commitment to fair play.
- Advanced Safety and Security Features
In an era where online security is paramount, Giant Lottos takes safety seriously. The platform employs the latest security measures to protect user information and ensure that all transactions are secure. These features include advanced encryption technologies and strict data protection protocols, providing players with peace of mind when purchasing tickets and managing their accounts.
Many Giant Lottos reviews emphasize the platform’s commitment to security, with users commending its efforts to safeguard their personal and financial information. This focus on security has contributed significantly to the positive feedback, as players value a trustworthy environment for their online lottery activities.
- Outstanding Customer Service
Another reason Giant Lottos continues to receive positive reviews is its dedication to providing excellent customer service. Giant Lottos’ support team is known for being responsive, knowledgeable, and helpful, assisting users with any questions or issues.
The fast and friendly customer service is frequently mentioned in Giant Lottos reviews, with users appreciating the quick resolution of their concerns and the platform’s commitment to delivering a smooth user experience. The availability of multiple support channels, including live chat, email, and phone support, ensures that users can always find help when they need it.
- Exciting Weekly Promotions
Giant Lottos keeps things fresh and exciting by offering new promotions every week. These promotions include discounted tickets, bonus entries, and exclusive deals that add a layer of thrill to the lottery experience. Regular players often highlight these promotions in their reviews, expressing their enthusiasm for the ongoing opportunities to maximize their chances of winning.
By regularly updating its promotions, Giant Lottos maintains player engagement and keeps the platform dynamic. This, in turn, leads to the positive Giant Lottos reviews that continue to flood in.
Looking Ahead
As Giant Lottos continues to earn positive feedback, it remains focused on enhancing its services and expanding its offerings. The company is committed to maintaining the high standards that have earned it its stellar reputation. The goal, as the management says, is to ensure that both new and seasoned players enjoy a premium lottery experience.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Akko Ltd Cement Finishers Expands Services Across Southwestern Ontario, Canada
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