Dec 20, 2021

AI chip maker Kneron raises $25M for autonomous driving push

Posted by in categories: robotics/AI, transportation

AI chips, which are semiconductors designed to accelerate machine learning, have many applications. One of the promising use cases, according to Albert Liu, is using AI chips in autonomous driving vehicles.

That’s why Liu’s AI chipmaking startup Kneron has been quietly racking up investments to march into smart transportation. It recently closed a new round of $25 million funding led by Lite-On Technology, a Taiwanese optoelectronic pioneer, which was a strategic investor in the round. Other investors included Alltek, PalPilot, Sand Hill Angels and Gaingels.

The new proceeds lifted Kneron’s total funding to over $125 million since its inception in 2015. The San Diego-and Taipei-based company has assembled a list of renowned investors, including Hong Kong tycoon Li Ka-Shing’s Horizon Ventures, Alibaba, Qualcomm, Sequoia and Foxconn, the world’s largest electronics manufacturer and Apple’s supplier.

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