AI Company Kneron Secures $97M in Funding for Automotive Nano GPT Solutions
San Diego-based AI company Kneron has announced that it has secured $97M in funding to support the expansion of its nano GPT (Generative Pre-trained Transformer) solutions for the automotive industry. This recent funding round includes investments from major players such as Foxconn, HH-CTBC Partnership (Foxconn Co-GP Fund), and Alltek, with Horizons Ventures leading the Series B funding.
Kneron specializes in providing end-to-end integrated hardware and software solutions that enable on-device edge AI inferencing. The company’s focus is on developing and deploying advanced AI technology, particularly in the automotive sector. With the additional funding, Kneron aims to accelerate the deployment of their state-of-the-art nano GPT solutions.
The company’s unique approach addresses several challenges faced by powerful GPT models that currently run on cloud data centers. These challenges include high latency, high data transfer costs, and concerns regarding user privacy and security protection. Kneron’s innovative solutions overcome these bottlenecks by creating hyper-efficient AI chips, ensuring that AI technology becomes more secure, accessible, and energy-efficient.
In 2021, Kneron achieved a significant milestone by introducing the industry’s first edge AI chip that supports transformer neural networks, which are foundational to all GPT models. This breakthrough technology sets Kneron apart from its competitors and positions the company as a leader in the AI industry.
Kneron’s total funding now stands at an impressive $190M, with previous investments from Liteon Technology Corporation and Adata. The latest infusion of capital will enable Kneron to further enhance its AI solutions and continue pushing the boundaries of AI technology.
Albert Liu, the Founder and CEO of Kneron, expressed his enthusiasm for the completion of the Series B funding. He emphasized the company’s commitment to making AI technology more secure, accessible, and energy-efficient. With the support of its investors, Kneron is well-positioned to drive innovation in the automotive industry and beyond.
The successful funding round signifies a vote of confidence in Kneron’s technology and its potential to revolutionize the automotive sector. As autonomous vehicles continue to evolve, the demand for advanced AI solutions will only grow. Kneron is poised to play a central role in shaping the future of self-driving cars and other AI-powered applications.
By securing substantial funding and advancing its nano GPT solutions, Kneron is well-equipped to continue its mission of bringing cutting-edge AI technology to the market. The company’s dedication to addressing industry challenges and improving the efficiency of AI technology sets it apart in the competitive landscape.
With the backing of prominent investors and a solid financial foundation, Kneron is positioned for rapid growth and continued success. As the company expands its reach and brings its innovative solutions to market, the possibilities for AI in the automotive sector are limitless. Kneron’s commitment to making AI technology more secure, accessible, and energy-efficient ensures that it will remain at the forefront of the AI revolution.
