Kneron raises $40m more in Series A round led by Horizons Ventures

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.

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