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Taiwanese edge AI startup Kneron closes B Round at USD$48 M, bringing its total funding to over USD$ 140 M
Leading full-stack edge AI company Kneron announces on Oct.4 the new series B funding of USD$48 million led by Horizons Ventures, the private investment arm of Hong Kong tycoon Li Ka-shing. New investors joining the round include LITEON, a world-leading provider of opto-electronics and power solutions, and ADATA, a leading memory computing provider, as well as the family office of a major Taiwanese financial institution.
Through the current round, Kneron’s previous series A2 investor Foxconn also increased their investment amount.
Kneron’s newly raised funds bring the company’s total funding to over $USD140 million, following initial Series A funding from financial investors including Qualcomm, Alibaba Taiwan Entrepreneurs Fund, Circle Investment, Sequoia Capital, and strategic investors such as Foxconn and Delta Electronics.
Albert Liu, founder and CEO of Kneron, says: “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 new funding, we are prepared to tape out a next generation of innovative chips.”
Over the past year, Kneron saw significant new customer wins spanning multiple verticals including smart vehicles, smart homes, and smart cities.
With Hanwha, the global leader in IP cameras, Kneron partnered up to accelerate smart city and smart building management. Kneron’s KL720 enables the Hanwha Techwin X series AI cameras for functions such as virtual fences and human detection.
As of March, Kneron also presented its solutions at the Foxconn-led Mobility in Harmony (MIH) Consortium for electric vehicles. Kneron displayed its OT8600+KL520 developer board for vehicle camera sensors to deploy people, vehicle and object detection.
Other new partners teaming up with Kneron to push out products in vehicle, security and broader AIoT. Across previous years, Kneron has also established collaborations with customers including the likes of Garmin, Dessmann, Gree, OFILM, AAEON, Advantech, and Quanta.
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