AI Innovator Kneron Secures $49M to Accelerate Commercial Initiatives

In a significant move, Kneron, a pioneer in developing AI chips for autonomous vehicles and other advanced machines, has announced a $49 million raise in a Series B round extension. This development, highlighted by NeuralWit, marks a pivotal moment in the AI chip industry…

➔ Investment Details:

The investment round saw participation from notable entities such as Foxconn, Alltek, Horizon Ventures, and others, bringing Kneron’s total funding to $190 million…

“The need for chips in the automotive market is robust, and the rapid growth of AI in generative applications is driving the need for AI chips,” – Albert Liu, CEO of Kneron.

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Hot Take

With this substantial investment, Kneron is poised to make significant strides in the AI chip market, potentially reshaping the landscape of autonomous technology and AI applications…