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Startup Hailo raises USD136 million series C funding to fuel AI chip production

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Corporate developments

Funds will be used to mass produce its current chips as well as develop next-generation hardware

According to a press release published on 11 October in the electronic weekly, Hailo, an artificial intelligence (AI)-focused chipmaker based in Israel, has raised USD136 million in a private funding round led by Poalim Equity and Gil Agmon.

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