AI chipmaker Hailo today announced it has raised $136 million in a Series C funding round led by Poalim Equity and Gil Agmon. The round was joined by exist
Amid a global semiconductor shortage, an upstart in the world of AI chips is announcing a big round of funding to meet a boom in demand for its technology. Hailo, which makes edge-device chips customized to work with AI workloads — typical implementations include smart cities, retail environments, industrial settings and next-generation automotive systems — […]
The financing round of the advanced AI processor developer was completed at a company valuation of over $1 billion, according to sources close to the matter.
Leading AI Chipmaker Hailo Raises $136 Million to Expand Edge AI Solutions as Global Demand Surges iconnect007.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iconnect007.com Daily Mail and Mail on Sunday newspapers.
Startup Funding: April 2021
April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B.
Semi & design
Guosheng Capital,
Haier Financial, and
W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this year.