Kneron, a Taiwan-based provider of edge artificial intelligence (AI) services backed by several corporates, has raised $18m in its series A1 round from a consortium led by Horizons Ventures.
Founded in 2015, Kneron has developed technology that moves part of AI computing to edge devices in order to perform tasks such as visual and voice recognition without the need for a connection to the cloud.
The company has raised more than $33m to date, according to its latest press release.
Kneron closed a $10m series A round in November 2017 from investors inclduing Alibaba Entrepreneurs Fund, an investment vehicle of e-commerce and internet group Alibaba, and chip maker Qualcomm.
Fabless semiconductor producer Himax Technologies and mobile operating system developer Thundersoft also took part in the series A round, alongside Sequoia Capital, CDIB and Cyzone Angel Fund.
Jonathan Tam, venture capital investor at Horizons Ventures, said: “Kneron offers revolutionary edge AI solutions which integrate software and hardware seamlessly.
“We believe that Kneron will continue to develop its edge AI technologies, deepen AI applications in diversified fields, and make AI accessible to everyone.”