INSUBCONTINENT EXCLUSIVE:
For the longest time, chips were a little bit boring
But the revolution in deep learning has now opened the market for startups that build specialty chips to accelerate deep learning and model
Among those is Israel-based Hailo, which is building deep learning chips for embedded devices
The company today announced that it has raised a $12 million Series A round.
Investors include Israeli crowdfunding platform OurCrowd, Maniv
me that it will use the new round, which brings its total funding to $16 million, to further develop its deep learning processors
The company expects samples to reach the market in the first half of 2019
Those chips will be able to run embedded AI applications in a wide range of settings, including drones and cars, as well as smart home
appliances and cameras.The key market for Hailo is the car industry, though
