Horizon Robotics valued at $3 billion after B Round
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.