ABB, Carasso Motors, Talcar, Automotive Equipment and Comasco backed the artificial intelligence chip developer in a series C round which took its total funding to $224m.

Israel-based artificial intelligence processor developer Hailo secured $136m on Tuesday in a series C round featuring industrial automation technology producer ABB, excavator importer Comasco and automotive retailers Carasso Motors, Talcar and Automotive Equipment. The round was co-led by investment firm Poalim Equity and entrepreneur Gil Agmon and included investment holding company Shlomo Group, Latitude Ventures,…

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