Foxconn, Alltek invest in US-based AI startup Kneron's $49m Series B+ round

Foxconn, Alltek invest in US-based AI startup Kneron's $49m Series B+ round

Kneron’s latest auto-grade NPU chip KL730 is designed for vehicles, supporting features like autonomous driving. Photo from Kneron.

Kneron, a US-based artificial intelligence (AI) startup backed by Hong Kong tycoon Li Ka-Shing’s Horizons Ventures, has secured a further $49 million to bring its total Series B financing to $97 million, the startup announced on Tuesday.

Edited by: Joymitra Rai