Rakefet Russak-Aminoach appointed chair of chip co Hailo

Former Bank Leumi CEO Rakivit Russak-Aminwah has been named president of the semiconductor startup Helloafter serving for four years as a director of the company.

Rusak Aminuch, currently a partner at venture capital firm Team8, is not on Hailo's board as a representative of the company, which is primarily known for investing in cybersecurity and fintech. She is an independent investor in the company, representing investors in the Series B round, which took place in March 2020 and was led by investors such as Delek Automotive Systems, Our Crowd, and the late Zohar Zisapel, who was replaced by Russak-Aminoach as an independent investor in the company. president.

Hailo is a developer of chips for end-user equipment, particularly security cameras, enabling it to run generative AI applications efficiently and quickly, according to the company.

Last March, Hailo expanded its 2021 funding round to $1.13 billion. Additional investors in the company include Alfred Akirov, the investment company of Hilan Tech Chairman Aviv Baum, Talcar and Automotive Equipment Group, a Kia importer, Gil Agmon, Carasso Motors, Poalim Equity, and Idan Ofer – several of whom are among investors in Mobileye . .

Thanks to a group of prominent investors, Or Danon, co-founder and CEO of Hailo, was able to attract other prominent business figures to his company's board: Molly Eden, former senior vice president of Intel and president of Intel Israel; Dov Baharav, former CEO of Amdocs and president of Israel Aerospace Industries; John Medved, founder and CEO of investment platform OurCrowd; and RAD-Bynet Group's Zohar Cohen, formerly a senior investment banker at Morgan Stanley.

Published by Globes, Israel Business News – en.globes.co.il – on May 20, 2024.

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