Kneron, a San Diego, CA-based full-stack edge AI company, announced that it raised $48 million in series B funding, bringing Kneron's total funding to over $140 million.
The round was led by Horizons Ventures, with participation from new investors, LITEON, ADATA, and the family office of a major Taiwanese financial institution. Existing investor Foxconn also participated in the round.
Albert Liu, founder, and CEO of Kneron, said: "We are excited to work with our new strategic investors in the advancement of core smart city infrastructures. Edge AI is key to enabling a whole array of devices, from edge servers to smart cameras, which will truly accelerate a proliferation of AI applications that require cross-vertical efforts. With the new funding, we are prepared to tape out the next generation of innovative chips."
Kneron has seen substantial new customer wins across various verticals in the last year, including smart vehicles, smart homes, and smart cities.
Company: Kneron, Inc.
Raised: $48.0M
Round: Series B
Funding Month: October 2022
Lead Investors: Horizons Ventures
Additional Investors: LITEON, ADATA, the family office of a major Taiwanese financial institution, and Foxconn
Company Website: https://www.kneron.com/
Software Category: full-stack edge AI
About the Company: Founded in 2015 and based in San Diego, Kneron develops full-stack hardware and software products for AI applications. Kneron provides cost-saving and flexible solutions to accelerate on-device edge AI technology adoption by simplifying device development and integration and minimizing time-to-market. Kneron's solutions are designed to accelerate AI computing in the smart vehicle, security devices, and smart home. Kneron has established collaborations with customers, including Garmin, Dessmann, Gree, OFILM, AAEON, Advantech, and Quanta. Its mission is to empower the proliferation of accessible, low-latency, and secure AI applications by creating networks of independently intelligent devices enabled through full-stack Kneron solutions.
Source: https://www.prnewswire.com/news-releases/kneron-closes-b-round-at-48-million-301641997.html