Israeli deep learning company Hailo Technologies has received further investment funding for its Series A round, bringing the total bagged to $21 million.
Hailo, which previously secured $12.5 million in a Series A funding round, intends to use the funds to focus on markets in China and Hong Kong.
The round is being led by Chinese venture capital firm Glory Ventures joined by existing backers Maniv Mobility, OurCrowd, and NextGear and other new partners.
The funding also bolsters the company’s ability to bring out inventive, powerful and volatile deep learning processors for edge devices.