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Taiwanese startup Kneron received tens of millions in fundings from Foxconn and Winbond
Kneron founder and CEO Albert Liu said they got the eight-digits number from two of list company at TWSE, Taipei-based EMS(Electronics Manufacturing Service) giant Foxconn and Kaohsiung-based ram maker Winbond, as strategic investment partners, and they are planning to make a profit and go to the IPO by 2023. "We would not disclose about any details like who take the lead investment, financial round, amount, valuation due to press policy from both investing company." Albert Liu, Founder and CEO of Kneron said to us.
Taiwan-based startup Kneron, which specializes in edge computing used energy-efficient processors, indicated that they would cooperate with new investors closely at AI applications. They will join Foxconn-led MIH EV Open Platform to promote the industrial 4.0, and they will team up with Winbond to develop a microcontroller unit(MCU)-based AI as well as memory computing.
Before this round’s investment, Kneron already received $73 millions fundings from global investors including Horizon Venture, which led by Hong Kong tycoon Li-Ka-Shing, Alibaba Entrepreneurship Fund, Sequoia Capital, Qualcomm, and SparkLabs Taipei.
"I am happy to move forward with partners and investors, 2020 was a fruitful year for Kneron. We developed a new chip KL720, former Qualcomm Taiwan general manager of RD department, Davis Chen, joined our team; we had more and more cooperation projects with investors. Edge AI is still a relatively new concept for people. I am excited to let more people understand the power of edge AI, " Alber Liu said.
CEO Albert Liu previously said to Business Next Media that Kneron chip's biggest advantage is energy efficiency and is price friendly. Moreover, their chip can support many different functions, which is the most important reason why people choose to use Kneron’s chip.
Besides being a CEO, Albert Liu also wrote an AI textbook, which is utilized by Princeton, UCLA, and National Taiwan University. "I want to build an AI ecosystem, that’s why I want to teach as many students as possible how to use AI," Albert Liu said.
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