AI chipmaker Hailo wins Edge AI and Vision Product of the Year

Hailo, the chipmaker responsible for the Hailo-8, has been selected as the winner of the 2021 Edge AI and Vision Product of the Year Awards for ‘Best Edge AI Processor’. The awards recognize Hailo-8, the AI processor for edge devices, and the chipmaker who is helping enable practical visual AI and computer vision.

“We are honored that the Hailo-8 was selected as top Edge AI Processor in the 2021 Edge AI and Vision Product of the Year Awards,” said Orr Danon, Co-Founder and CEO at Hailo. “Hailo’s chip is uniquely designed for AI tasks at the edge, and we are proud to offer our award-winning technology to a wide range of companies in various industries seeking to innovate and maintain their competitive advantage.”

The Edge AI and Vision Product of the Year Awards is now in its fourth year and made up of seven different categories. Entries are judged by an expert panel and results are based on the innovation, impact on customers and the market, and competitive differentiation of the companies and their products. Previous winners include Intel and NVIDIA.

Hailo’s Hailo-8 AI processor features up to 26 Tera Operations Per Second (TOPS), and is built with an architecture that helps edge devices run deep learning applications that could previously only run via a cloud. This means that devices can operate with more privacy (since there is no departure of information from the device) while still running with higher performance and minimal latency.

“The Edge AI and Vision Product of the Year Awards recognize the most innovative and impactful new products in edge AI and computer vision,” said Jeff Bier, founder of the Edge AI and Vision Alliance. “We congratulate Hailo on our judging panel’s selection of its Hailo-8 processor technology as the best Edge AI Processor of 2021.”

Hailo was founded in 2017 and has already raised a total of $86.3 million over five rounds. Its most recent B round, which raised $60 million, included support from OurCrowd, co-founder of Argus Cyber Security Zohar Zisapel, and Maniv Mobility, among others. Its processor is designed to fit into smart devices in a variety of industries such as automotive, smart cities, retail, and Industry 4.0.