Kneron raises $40m for next-gen Edge AI chip
By Sally Ward-Foxton, EETimes (January 23, 2020)
Second AI accelerator chip expected this summer
Kneron, the San Diego and Taipei-based low-power edge AI startup, has raised $40 million in an A2 funding round. This funding round was led by previous backer Horizons Ventures and brings the company’s total financing to $73 million.
Kneron CEO Albert Liu told EETimes that the additional funding will be used for a variety of things, including support for the company’s upcoming second-generation AI processor, the KL720.
“[We plan to] hire engineers and developers to support current purchase orders, as well as forecasted purchase orders for the KL720, [and for] marketing and commercialization of our products, especially the KL720,” he said. He added that the company will also invest in “R&D of our future roadmap.”
To read the full article, click here
Related Semiconductor IP
- NPU IP Core for Mobile
- NPU IP Core for Edge
- Specialized Video Processing NPU IP
- HYPERBUS™ Memory Controller
- AV1 Video Encoder IP
Related News
- Kneron Announces $25 Million Funding To Advance Smart City Technology For Auto
- Kneron Announces $49M in Additional Funding, Bringing Total Series B to $97M
- GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing
- Fractile raises $15m seed funding to develop radical new AI chip and unlock exponential performance improvements from frontier AI models
Latest News
- Jim Keller: ‘Whatever Nvidia Does, We’ll Do The Opposite’
- FlexGen Streamlines NoC Design as AI Demands Grow
- IntoPIX Presents Its New Titanium Software Suite: Empowering AV-Over-IP Workflows With Speed, Quality & Interoperability
- Global Semiconductor Sales Increase 2.5% Month-to-Month in April
- Speedata Raises $44M to Launch First-Ever Chip Designed Specifically for Accelerating Big Data Analytics - Compute's Second Largest Workload