Kneron Closes B Round At $48 Million

Oct 05, 2022•about 3 years ago

San DiegoSoftware

Description

Leading full-stack edge AI company Kneron today announces new series B funding of $48 million led by Horizons Ventures. New investors joining the round include LITEON, a world-leading provider of opto-electronics and power solutions; ADATA, a leading memory compute provider; as well as the family office of a major Taiwanese financial institution which, as a business group, operates subsidiaries that range from real estate development to telecommunications. Through the current round, Kneron's previous series A2 investor Foxconn also increased their investment amount.

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Company

Kneron

Location

San Diego, California, United States

About

Kneron, a leading provider of edge AI solutions, was founded in 2015 at San Diego, US. It is dedicated to design and development of integrated software and hardware edge AI solutions. Barely two years old, Kneron already has partners and customers around the world, and has provided customized solutions for home appliances, surveillance systems, and smartphones to several international companies. Kneron announced the completion of series A financing at over ten million US dollars on November, 2017. Alibaba Entrepreneurs Fund and CDIB Capital Group are the lead investors, and Himax Technologies, Inc., Qualcomm, Thundersoft, Sequoia Capital (its sub funds: Cloudatlas), and CY ZONE are co-investors. Kneron are cooperating with its strategic partners to promote the edge AI technologies and speed up the popularity of AI applications.

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Kneron Closes B Round At $48 Million

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