The company said it raised an additional $49 million, bringing its total round of funding to to $97 million.
Taiwanese giant Foxconn , the company that assembles Apple's iPhones, and Alltek, a communications tech company, were among the investors in the round.
In contrast, Kneron designs a chipset that goes into devices like consumer electronics and cars that allow AI on the "edge."
"So that will force people to switch into the more low cost (NPUs)," Liu said.
Kneron has no shortage of competitors from giants like Qualcomm and MediaTek — which are aiming for on-device AI with their chips — and startups developing AI semiconductors.
Persons:
Albert Liu, Harry Murphy, Nvidia's, CNBC's, Liu, Kneron, Foxconn
Organizations:
Sportsfile, Getty, Nvidia, Qualcomm, Vedanta, Manufacturing
Locations:
U.S, Kneron, India