Kneron, a San Diego, CA-based company developing full-stack hardware and software products for AI applications, raised additional $49M in Series B funding.
The round, which brought the total amount of Series B to $97M, saw participation from Foxconn, HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek. Previously, Kneron raised $48M from Liteon Technology Corporation and Adata. The full round was led by Horizons Ventures, with participation across several extensions from Liteon Technology Corp, Adata, Palpilot, Foxconnand HH-CTBC Partnership (Foxconn Co-GP Fund).
The company intends to use the funds to accelerate the deployment of advanced AI, focusing on nano GPT solutions for automotive in particular.
Founded in 2015 by Albert Liu, CEO, Kneron provides end-to-end integrated hardware and software solutions that enable on-device edge AI inferencing. Its lightweight reconfigurable solutions resolve three major problems faced by AI use cases—latency, security, and cost––thereby enabling AI everywhere. The company launched the first edge AI chip supporting transformer neural networks, which underpins all GPT models, in 2021. Most recently, Kneron launched the KL730, an auto-grade NPU chip that supports the most advanced lightweight GPT LLMs, like nanoGPT, bringing further options to a high-demand market.
Customers include Toyota, Foxconn, Quanta, and Hanwha.
FinSMEs
27/09/2023