• Kinexon, a German edge IoT company, raised USD 130 million in Series A funding led by Thomas H. Lee Partners with participation from BMW i Ventures and Telekom Innovation Pool. This round brings the company’s total funding to USD 147.8 million. 

• The funds will be used to accelerate international expansion and scale its operating system for connected and automated operations.

<ul><li> Analyst QuickTake: This round places Kinexon among the highest funded companies in our coverage of the “on-device hardware component” segment. This takes them ahead of Kneron , Syntiant , and Blaize , all of which raised funding in the past year (Syntiant raising USD 55 million last month, Kneron raising USD 25 million last December, and Blaize raising USD 71 million last July). Within the segment, only Mythic , Hailo , and Graphcore are better funded than Kinexon, with total funding figures of USD 155 million, USD 224 million, and USD 692 million, respectively.</ul>