Kneron: Path clear for development of edge Ki.chips12. October 2022
Kneron: Path clear for development of edge Ki.chips
San Francisco, Oct. 12, 2022
AI chipmaker Kneron has closed a $48 million Series B round to develop next-generation edge AI chips. Kneron says it develops complete hardware and software for AI applications.
The company supplies chips to customers in areas of advanced driver assistance systems. Smart home and city applications, including blind spot detection for buses and license plate recognition in parking lots. Kneron expects the new AI chips to be manufactured with advanced process nodes and support advanced neural networks.
The AI chipmaker has already unveiled its KL530 AI chip, which targets the edge computing market for autonomous vehicles. Other AI hardware is targeted at edge servers and smart cameras, including the KL720 chip for virtual fences and human detection in Hanwha Techwin X-series AI cameras.
San Diego-based Kneron has raised more than $140 million to date. The Series B round was led by Horizons Ventures, and new investors include LITEON and ADATA. Series A2 investor Foxconn also increased its investment amount.