Kneron has announced it has raised $25 million in funding with a a goal to advance smart city applications such as autonomous and electric vehicles. Other investors in the round include Alltek, PalPilot, Sand Hill Angels, and Gaingels.
This funding follows the announcement of Kneron’s KL530 chip, which supports the INT4 data type and includes an image signal processor, key to enabling L4 and L5 capabilities in the automobile. The KL530 can also be deployed in roadside units and other smart city devices to support vehicle communications.
“The path to L4 and L5 is not just about the vehicle, but the entire technology ecosystem and infrastructure that governs and supports transportation,” said Albert Liu, founder and CEO of Kneron, in a statement. “We’re excited to work with our new strategic partners on developing that infrastructure, advancing smart city technology in order to support transportation of the future.”
The latest round of funding brings Kneron’s total funding to date to more than $125 million, following initial Series A funding from the likes of Horizons Ventures, Qualcomm, Alibaba, Sequoia and more. Earlier this year Kneron also announced strategic investment from Apple-manufacturer Foxconn for its MIH vehicle platform, Tesla supplier Delta Electronics, and others.
Related links and articles: