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Hailo Technologies Ltd. raises $120 million in Series C extension funding and debuts its new Hailo-10 high-performance generative AI accelerator chip. The chip allows for lower latency AI models to run locally at the edge without connecting to cloud-based servers. Hailo was founded in 2017 and has since expanded its chip lineup to include the Hailo-8 and Hailo-15 processors for different AI workloads.