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Here’s what you need to know today in startup and venture news, updated by the ºìÌÒÊÓƵ News staff throughout the day to keep you in the know.

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Hailo lands $136M for AI chips

Tel Aviv-based , a startup developing AI accelerator chips for edge devices, announced that it raised $136 million in a Series C funding round led by and entrepreneur . The round brings Hailo’s total funding to $224 million.

— Joanna Glasner

SupportLogic raises $50M Series B

San Jose -based closed a $50 million Series B funding round led by and . Existing investors and also participated in the round.

SupportLogic’s AI-based platform allows businesses to act on customer communications in real-time in order to offer better customer service and support.

Founded in 2016, the company has raised approximately $62 million to date, according to ºìÌÒÊÓƵ data.

— Chris Metinko

SaaS

GitLab raises IPO range: San Francisco-based , a provider of development and collaboration tools for programmers, raised the proposed share price range for its upcoming IPO. The company now plans to raise around $700 million by offering 10.4 million shares at a price range of $66 to $69, up from the prior range of $55 to $60.

— Joanna Glasner

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