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#News(IoTStack) [ via IoTGroup ]
A startup based out of San Diego and Taipei is quietly nailing fundings and deals from some of the biggest names in electronics. Kneron which specializes in energy-efficient processors for edge artificial intelligence just raised a strategic funding round from Taiwan’s manufacturing giant Foxconn and integrated circuit producer Winbond.
The deal came a year after Kneron closed a $40 million round led by Hong Kong tycoon Li Ka-Shing’s Horizons Ventures. Kneron declined to disclose the dollar amount of the investment from Foxconn and Winbond due to investor requests but said it was an “eight figures” deal founder and CEO Albert Liu told TechCrunch in an interview. Founded in 2015 Kneron’s latest product is a neural processing unit that can enable sophisticated AI applications without relying on the cloud. Among Kneron’s customers are Chinese air conditioning giant Gree and German’s autonomous driving software provider Teraki and the new deal is turning the world’s largest electronics manufacturer into a client.
As part of the strategic agreement Kneron will work with Foxconn on the latter’s smart manufacturing and newly introduced open platform for electric vehicles while its work with Winbond will focus on microcontroller unit (MCU)-based AI and memory computing. “Low-power AI chips are pretty easy to put into sensors. We all know that in some operation lines sensors are quite small so it’s not easy to use a big GPU [graphics processing unit] or CPU [central processing unit] especially when power consumption is a big concern ” said Liu who held R&D positions at Qualcomm and Samsung before founding Kneron. Unlike some of its competitors Kneron designs chips for a wide range of use cases from manufacturing smart home smartphones robotics surveillance payments to autonomous driving. It doesn’t just make chips but also the AI software embedded in the chips a strategy that Liu said differentiates his company from China’s AI darlings like SenseTime and Megvii which enable
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AutoTextExtraction by Working BoT using SmartNews 1.03976805238 Build 04 April 2020
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