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, OurCrowd and Hailo chairman Zohar Zisapel, while ABB took part through its ABB Technology Ventures unit.
Hailo has developed a microprocessor for deep learning applications…
