PR85297

TOKYO and TEL AVIV, Israel, Aug. 31, 2020 /PRNewswire=KYODO JBN/ --

- Company accelerates global expansion with establishment of Hailo Japan G.K.

in Tokyo, appoints former Sony executive Hiro Uchida as President

Hailo [https://hailo.ai], the leading AI chipmaker delivering unprecedented

performance to edge devices, today announced its international expansion in

Japan with the establishment of Hailo Japan G.K., a wholly owned subsidiary

located in Tokyo. Hiro Uchida, a former Sony executive, has been appointed

President to lead the operation.  

The new subsidiary is part of Hailo's ongoing growth strategy, including

strengthening partnerships and relationships with existing customers in Japan

and expanding into Asia-Pacific markets. In response to growing demand from

Japanese customers developing products requiring AI technology at the edge, the

new subsidiary will allow Hailo to better serve current customers and continue

to grow in market segments such as automotive, smart cities, smart retail,

smart homes, industry 4.0, and beyond.  

The expansion comes in the wake of Hailo's $60 million

[https://www.prnewswire.com/news-releases/ai-chipmaker-hailo-raises-60-million-in-series-b-funding-301015609.html ]

Series B funding round, in which Japanese Corporation

NEC [https://www.nec.com/ ]– a leader in the integration of IT and network

technologies – joined as a strategic investor. Hailo also recently established

key partnerships [https://www.prnewswire.com/il/news-releases/foxconn-partners-with-socionext-and-hailo-to-launch-next-generation-ai-processing-solution-for-video-analytics-at-the-edge-301057562.html ]

with Socionext [http://www.socionext.com/en/ ], a major provider of advanced SoC

solutions for video and imaging systems headquartered in Japan, and Foxconn

[https://www.foxconn.com/ ], a global leader in smart manufacturing, to launch a

next-generation AI processing solution for video analytics at the edge.

Hailo's specialized Hailo-8(TM) Deep Learning Processor delivers unprecedented

performance to edge devices. Featuring up to 26 Tera Operations Per Second

(TOPS), the chip is built with an innovative architecture that enables edge

devices to run sophisticated deep learning applications that could previously

only run on the cloud. Its advanced structure translates into higher

performance, lower power, and minimal latency, enabling enhanced privacy and

better reliability for smart devices operating at the edge.

"I am excited to be part of Hailo's team and am looking forward to building a

strong foundation to lead our business development in this pivotal arena," said

Hiro Uchida. "There is no doubt that deep learning at the edge will be embedded

in almost all of the products and services we use on a daily basis, while

providing us with improved safety and better quality of life. Hailo is

spearheading the next generation of deep learning and I look forward to working

closely with our customers and partners to innovate industries across the board."

Hiro Uchida brings 30+ years of experience as a technology and business leader,

including helping build Sony's Corporate Venture Capital fund (Strategic

Venture Investment) and investing in innovative startups worldwide. After

serving in multiple management and operational positions at Sony, Hiro Uchida

held key positions at innovative tech companies including as President of

SiTime KK and President of Tessera Technologies Japan GK.

"We look forward to expanding Hailo's presence in the Asia-Pacific region,

which continues to show significant growth in the AI sector," said Orr Danon,

CEO of Hailo. "Our new subsidiary in Japan will enable us to strengthen

relationships and collaborations with our Japanese-based customers and

partners, and to create new opportunities together. Many of the world's leading

companies integrating Artificial Intelligence into their edge devices are based

in Japan, and we are excited to empower their products with our groundbreaking

Hailo-8 Deep Learning chip. Hiro Uchida's leadership, rich experience,

innovative spirit and in-depth knowledge of the business/technology ecosystem

will allow us to enhance our presence in the Japanese market."

Boilerplate

Hailo [https://www.hailo.ai/ ], an AI-focused, Israel-based chipmaker, has

developed a specialized Deep Learning processor that delivers the performance

of a data center-class computer to edge devices. Hailo's AI processor is the

product of a rethinking of traditional computer architecture, enabling smart

devices to perform sophisticated Deep Learning tasks such as object detection

and segmentation in real time, with minimal power consumption, size, and cost.

The deep learning processor is designed to fit into a multitude of smart

machines and devices, impacting a multitude of sectors including automotive,

industry 4.0, smart cities, smart homes, and retail.  The company was founded

in 2017 by members of the Israel Defense Forces' elite technology unit.  

Hailo Press Contact

Garrett Krivicich

Headline Media

garrett@headline.media

+1 786 233 7684

Source: Hailo