Full-stack edge AI developer Kneron has secured £42.5 million in a Series B funding round led by Horizon Ventures.
New investors joining the round included LITEON, an electronics and power solutions firm, as well as ADATA, a memory compute provider. The new round brings Kneron’s total funding to slightly more than £124 million.
The company plans to use the funds to accelerate its research and development to produce next-gen AI inference modules.
Albert Liu, founder and CEO of Kneron, said: “We are excited to work our new strategic investors in the advancement of core smart city infrastructures. Edge AI is key to enabling a whole array of devices, from edge servers to smart cameras, which will truly accelerate a proliferation of AI applications that require cross-vertical efforts. With new funding, we are prepared to tape out a next generation of innovative chips.”
Kneron anticipates increased adoption of on-device edge AI technology in the future. This involves placing AI compute power onto devices rather than within cloud servers.
Over the past year, Kneron has expanded its customer base in industries such as smart vehicles, smart homes, and smart cities.
Having recently partnered with IP camera provider Hanwha, the company plans to accelerate deployment of its edge solutions in a smart ecosystem. Kneron’s KL720 equips Hanwha’s Techwin X series AI camera with functionalities like virtual fences and human detection.
Another edge AI solution Kneron has worked on is Spark Sens-Cam AI, a hardware platform for security, smart city, and business intelligence applications.
Want to learn more about edge computing from industry leaders? Check out Edge Computing Expo taking place in Amsterdam, California and London.
Explore other upcoming enterprise technology events and webinars powered by TechForge here.