TEL AVIV, Israel, April 2, 2024 — Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, today announced it has extended its series C fundraising round with an additional investment of $120 million. At the same time, the company 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 without registering to cloud-based GenAI services.

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