AI solution provider Kneron obtains $40m in series A2 financing

Kneron, a provider of edge AI solutions, announced the completion of a US$40 million series A2 financing led by Horizons Ventures, a venture capital firm founded by Ka-shing Li.

Kneron, a provider of edge AI solutions, announced the completion of a US$40 million series A2 financing led by Horizons Ventures, a venture capital firm founded by Ka-shing Li.

Established in 2015, Kneron is an AI start-up. The company’s product is artificial intelligence solutions integrating hardware and software. It is committed to using the products in the fields of intelligent IoT, intelligent car networking, security, drones, etc.

After this round of financing is completed, Kneron will continue to increase investment in research and development of edge AI chips and solutions.

It is expected that the company’s second AI chip-KL720 AI SoC for intelligent security will be released in the second quarter of 2020, with higher specifications , enabling intelligent security and intelligent hardware devices such as network cameras, visitor machines, access gates, robots, drones, etc., to meet demands for large-scale applications such as smart cities, smart finance, smart transportation, judicial/criminal investigation, government, supermarkets, office buildings, industrial parks, as well as home entertainment, smart education, and marine rescue etc.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/ai-solution-provider-kneron-obtains-40m-in-series-a2-financing/.

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