Newsletter
Newsletter Support JNS

Israeli AI chipmaker Hailo raises $136 million in funding

The money will be used to develop new products and expand markets.

Hailo chip. Credit: Hailo.ai.
Hailo chip. Credit: Hailo.ai.

Israeli artificial-intelligence chipmaker Hailo announced on Tuesday that it raised $136 million in private funding led by Poalim Equity and Gil Agmon.

A source said the financing was done based on a valuation of $1 billion, reported Reuters.

The company said its investors already include Israeli businessman and Hailo chairman Zohar Zisapel, Swiss-based ABB Technology Ventures, London’s Latitude Ventures, Israel’s OurCrowd, in addition to others.

According to the report, former senior vice president at Intel Corp, Mooly Eden, will join its board of directors.

Hailo said the money would be used to develop new products and expand its markets.

The effort is aimed at “ensuring that the nation’s capacity to build and deploy this vital defensive weapon will outpace any adversary’s threat,” the U.S. Defense Department stated.
Israel’s wartime restrictions on the country’s airspace are tentatively in place through April 16.
“To impose such a requirement selectively on Jewish and pro-Israel students raises serious concerns about unequal treatment and viewpoint discrimination,” Students Supporting Israel stated.
The brand told JNS that it will be “evaluating packaging differentiation and working with our retail partners to ensure clearer in-store separation and signage where needed.”
Israeli forces arrested the Hezbollah-linked field commander near Mount Dov after an intelligence-led operation, the military said.
“These platforms can become breeding grounds for harassment and hateful activity that harms players directly, normalizes hateful ideologies and damages trust,” Jonathan Greenblatt stated.