Horizon Robotics becomes one of the largest investment cases in AI

Horizon Robotics valued at $3 billion after B Round

Horizon Robotics becomes one of the largest investment cases in AI. Source: shutterstock.com

Horizon Robotics, an artificial intelligence computing platform, announced its Series B Financing with c. $600 million total investment at a valuation of $3 billion, jointly led by SK China, SK Hynix, and several top automotive groups and their investment vehicles.

The latest Series B Financing follows the $100 million + Series A Financing in late 2017 led by Intel Capital. In just over three years since inception, Horizon Robotics once again has received significant investment support. As of now, two of the top three largest semiconductor giants are important shareholders of Horizon Robotics. Several top automotive groups have also invested hundreds of millions of dollars in Horizon, making the Company one of the largest investment cases in artificial intelligence for automobile companies.

Since its establishment more than three years ago, Horizon Robotics has devoted itself to becoming the leader in edge AI processors and computing platforms - enabling autonomous driving, smart cities, smart robotics and other AIoT devices "On the Horizon" - powering AI to make everyone's life safer and better. Presently, the concept of co-designing hardware and software for edge computing embraced by Horizon Robotics since 'Day 1' has become an important trend in the field of artificial intelligence. The key strategic partners and resources introduced in this financing round will further accelerate the pace of research & development and commercialization for us, strengthening the 'On the Horizon' ecosystem business model of supplying OEMs and Tier1s, enabling system integrators and industry solution providers, and actively participating in the evolution of autonomous driving, smart city, smart retail, smart robotics and other important fields in parallel as Horizon Robotics holds hands with its ecosystem partners. Together, we usher in the era of artificial intelligence
Dr. Yu Kai, founder and CEO of Horizon Robotics

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