Hailo earns Frost & Sullivan 2024 Technology Innovation Leadership Award

7th May 2024
Paige West

Hailo, the chipmaker specialising in Edge AI processors, was recognised with the Frost & Sullivan Best Practices Technology Innovation Leadership Award for its Hailo-15 family of AI vision processors.

This award programme honours companies that consistently pursue growth strategies informed by a forward-thinking outlook, enabling them to adeptly navigate challenges and seize opportunities.

Orr Danon, CEO and Co-Founder of Hailo, expressed his appreciation: “We’re honoured to be celebrated as a leader in best practices and innovation with this award as we continue our commitment to bring powerful AI processing to a variety of Edge applications and industries. With hundreds of companies worldwide across automotive, retail, and security industries already trusting our technology, we’re happy to be endorsed by a prestigious organisation such as Frost & Sullivan.”

Frost & Sullivan awarded Hailo after a thorough analysis to assess best practices across two dimensions: technology leverage and business impact. Hailo distinguished itself in many criteria within the vision processing domain, notably through its Hailo-15 Vision Processing Units (VPUs). These units are designed to be integrated directly into intelligent cameras, enabling unparalleled video processing and analytics capabilities at the Edge.

The Hailo-15 units are particularly noted for their ability to perform advanced AI image enhancement and analytics without compromising video quality or performance. This is critical for AI image enhancement, a significant industry challenge. The units deliver a throughput of 20 tera operations per second (TOPS), positioning them as the world’s most efficient VPU in terms of performance to cost and performance to power consumption ratios.

Furthermore, Hailo-15-enabled cameras enhance privacy and reduce the total cost of ownership in large-scale deployments by offloading Cloud analytics, thus saving video bandwidth and processing. The product stands out as an advanced AI-based video analytics system that upholds people's privacy while ensuring their security.

Earlier this month, Hailo announced an extension of its series C fundraising with an additional investment of £120 million, taking the total raised capital to over £340 million. This infusion of funds bolsters the company’s leadership in the AI processor market and supports its ongoing focus on new product development and launches.

In conjunction with the fundraising, Hailo introduced the new Hailo-10 high-performance generative AI (GenAI) accelerators. This new product enables users to operate GenAI applications locally, without dependence on cloud-based GenAI services, complementing Hailo’s existing range, including the Hailo-15 AI vision processors and Hailo-8 AI accelerators.

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