Hailo, a manufacturer specializing in edge AI processors, has appointed Yaron Garmazi as its Chief Financial Officer and Chief Operating Officer. Garmazi brings over 30 years of experience, having served as CFO at various companies, with more than a decade in semiconductor firms such as Kaltura, DSPC, Nogatech, Ness, and Passave, overseeing their growth to IPOs or acquisitions in the US.
Orr Danon, CEO and co-founder of Hailo, expressed confidence in Garmazi’s extensive expertise in global financial and operational management, highlighting his strategic leadership in scaling startups. Danon emphasized Garmazi’s role in navigating Hailo’s rapid expansion post-recent capital raises, noting the critical importance of his financial and managerial acumen.
Garmazi’s appointment follows Rakefet Russak Aminoach becoming Chairwoman of Hailo’s Board of Directors last month. The board also includes distinguished members like Mooly Eden, formerly Senior Vice President at Intel and President of Intel Israel; Dov Baharav, former CEO of Amdocs and Chairman of the Israel Aerospace Industries; Jon Medved, CEO of OurCrowd; and Zohar Cohen from RAD-Bynet Group, previously a senior investment banker at Morgan Stanley.
Founded in 2017, Hailo has raised $340 million to date, including a recent $120 million funding round. The company introduced its high-performance GenAI Hailo-10 accelerators in April, enabling users to operate Generative Artificial Intelligence applications locally on their devices, bypassing cloud-based services. Hailo operates globally with offices in the USA, Germany, Japan, Taiwan, China, South Korea, and its headquarters employing over 250 professionals in Tel Aviv.