US-based on-device edge AI developer Kneron has garnered an additional $40 million in funding led by Hong Kong tycoon Li Ka-Shing’s Horizons Ventures, bringing the total capital raised in its Series A round to $73 million.
The company previously received $33 million from Horizons Ventures, Alibaba Entrepreneurs Fund, a not-for-profit fund launched by Chinese e-commerce giant Alibaba Group, and Shenzhen-listed software firm Thundersoft, according to a statement.
