🍪 This AI chip startup raises $49M

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Kneron

Amount: $49M 🎉

Round: Series B

Lead Investor: Horizons Ventures

Kneron’s mission is to create hyper-efficient AI chips that resolve industry bottlenecks including high latency, high data transfer costs, and inadequacies in user privacy and security protection.

Kneron provides end-to-end integrated hardware and software solutions that enable on-device edge AI inferencing. They supply low-powered, reconfigurable AI chips that are designed to interface with existing systems, such as the sensors on driverless vehicles, and that can run algorithms ranging from face and body detection models to models to generate text.

Kolena

Amount: $15M 🎉

Round: Series A

Lead Investor: Lobby Capital

Kolena’s mission is to build a “model quality framework” that delivers unit testing and end-to-end testing for models in a customizable, enterprise-friendly package.

Kolena provides a platform that can identify gaps in AI model test data coverage. It incorporates risk management features that help to track risks associated with the deployment of a given AI system. Using Kolena’s UI, users can create test cases to evaluate a model’s performance and see potential reasons that a model is underperforming while comparing its performance to various other models.

GeologicAI

Amount: $30M 🎉

Round: Series A

Lead Investor: Breakthrough Energy Ventures

GeologicAI combines hardware, software, and advanced machine learning into an integrated digital rock analytics platform.

Their proprietary core scanning robot uses a unique blend of high-resolution multi-sensor data to analyze rock samples, providing unparalleled accuracy in identifying resources hidden beneath the Earth’s surface. Their cloud-based digital rock viewing and analysis software gives geologists worldwide instant access to high-resolution AI-enhanced digital rock twins and automated digital geoscience workflows.

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