FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
"We are hoping to use the new funds to accelerate our growth and execute faster on our roadmap. Based on this and given the right market conditions, our aim is to become a publicly traded company," Hailo CEO and Co-Founder Orr Danon told Reuters, without providing any details on the timeline. Hailo, which has more than 300 customers globally including Schneider Electric, Dell Technologies and ABB, offers products such as AI accelerators and AI software suite.
"Whether users employ GenAI to automate real-time translation ... generate software code, or images and videos from text prompts, Hailo-10 lets them do it directly on their PCs or other edge systems, without straining the CPU," Danon said in a statement.