Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49 million in an extension to its Series B round from investors including Foxconn, Alltek, Horizon Ventures, Liteon Technology Corp, Adata and Palpilot. Kneron’s CEO, Albert Liu, says that the new tranche, which brings Kneron’s total […],
Kneron Raises $49 Million in Series B Extension
Kneron, a leading AI chip developer for self-driving cars and other autonomous machines, has successfully raised $49 million in an extension to its Series B round of funding. The round saw investments from notable companies such as Foxconn, Alltek, Horizon Ventures, Liteon Technology Corp, Adata, and Palpilot. With this latest tranche of funding, Kneron’s total funding now stands at…
Accelerating the Future of Autonomous Technologies
Kneron’s CEO, Albert Liu, expressed his excitement about the new funding and how it will help propel the development of their AI chips. These chips play a crucial role in powering self-driving cars and other autonomous machines. With the advancements in AI technology, Kneron is at the forefront of creating innovative solutions that will shape the future of autonomous technologies…
A Promising Partnership with Leading Investors
The impressive list of investors, including Foxconn and Horizon Ventures, highlights the industry’s recognition of Kneron’s potential. With their expertise and financial support, Kneron is well-positioned to further enhance their AI chip technology and expand their global reach. This partnership will undoubtedly strengthen Kneron’s market position and accelerate the deployment of self-driving cars and other autonomous machines…
Conclusion:
Kneron’s successful funding round not only demonstrates the growing interest in AI technology but also reinforces Dubai’s position as a hub for innovation and technological advancements. With the backing of industry giants, Kneron is poised to revolutionize the autonomous tech industry and contribute to the creation of a smarter and safer future. The prospects are undeniably exciting for Kneron and the entire Dubai tech community. (Source: [Name of the source website])
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