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Kneron secures another $49M for Neural Processing Unit chips

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2023-11-06

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Kneron secures another $49M for Neural Processing Unit chips

2023-11-06
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TTAalumni Kneron is at the forefront of AI technology, specializing in neural processing units (NPUs). They are renowned for creating the world's first edge AI chip designed to support transformer neural networks, making AI more accessible and energy-efficient.

Exciting news from Kneron as they've recently secured an additional $49 million in funding, elevating their total Series B funding to an impressive $97 million. This round was spearheaded by Horizons Ventures, with key participation from leading industry players, including Liteon Technology Corp, Adata, Palpilot, and Foxconn. The newfound capital will be dedicated to furthering research and development efforts, pushing the boundaries of AI chip technology.

Looking ahead, the future holds great promise for Kneron. Their dedication to enhancing AI's accessibility and security is set to transform industries and unlock new possibilities. Stay tuned for more remarkable advancements on the horizon!

TO SEE MORE: https://www.enterprisetimes.co.uk/2023/09/29/kneron-secures-another-49m-for-neural-processing-unit-chips/

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