Oct. 5, 2022, SAN DIEGO — The top full-stack AI company Kneron has announced a new USD 48 million series B fundraising round led by Horizons Ventures.
LITEON, a market-leading supplier of optoelectronics and power solutions, ADATA, a leading memory compute provider, and the family office of a significant Taiwanese financial institution—a business group that runs subsidiaries engaged in everything from real estate development to telecommunications—are among the new investors joining the round. Foxconn, a prior series A2 investor in Kneron, also expanded its investment during this round.
Kneron’s founder and CEO, Albert Liu, says:
“We are eager to collaborate with our new strategic investors on developing key infrastructure for smart cities. Edge AI is essential for enabling a wide range of devices, from edge servers to smart cameras, which will significantly speed up the development of cross-vertical AI applications. We are poised to tape a new generation of cutting-edge chips with new money.”
Significant new customer victories spanning several industries, such as smart homes, smart cities, and smart cars, were realized by Kneron over the previous year.
Kneron collaborated with Hanwha, the world leader in IP cameras, to hasten the management of smart cities and intelligent buildings. Hanwha Techwin X series AI cameras can do tasks like detecting people and creating virtual barriers thanks to Kneron’s KL720.
As of March, Kneron also presented its electric car solutions at the Mobility in Harmony (MIH) Consortium, which Foxconn leads. The OT8600+KL520 developer board from Kneron was on exhibit for use with vehicle camera sensors to deploy people, vehicle, and object identification.
The following additional new partners are working with Kneron to promote goods in the automobile, security, and broader AIoT use cases:
- AI sens-cam for mask detection is called Spark and Sens-cam.
- A box (edge server) with two KL720 for innovative traffic crossroads regulation using SMAX and VS8 for Chunghwa Telecom.
- TDV, iEdge4: Raspberry Pi industrial grade box for license plate control in parking lots.
- Blind spot monitoring on the Zhongxin Bus.
- Along with collaborating with clients like Garmin, Dessmann, Gree, OFILM, AAEON, Advantech, and Quanta, Kneron has done so in prior years.
More about the startup:
Following initial Series, A fundraising from financial investors including Qualcomm, Alibaba, Circle Investment, Sequoia, as well as strategic investors like Foxconn and Delta Electronics, Kneron’s recently raised funds increased the company’s total funding to date to over $140 million.
Kneron, a San Diego-based company founded in 2015, creates full-stack hardware and software devices for AI applications. Latency, security, and cost are three significant issues that Kneron’s lightweight reconfigurable solutions address, enabling AI everywhere. Kneron has raised more than USD 140 million to date, with the support of companies including Horizons Ventures, Alibaba, Qualcomm, Sequoia, Foxconn, Circle Investment, and others.
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