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KEY STAT | China's 'Nvidia rival' Horizon Robotics raises fresh money | KrASIA

The company plans to raise over USD 700 million in its Series C round.

  • Chinese semiconductor maker Horizon Robotics on Thursday announced the completion of a USD 400 million series C2 funding round led by Baillie Gifford, Yunfeng Capital, battery manufacturer CATL, and others, 36Kr reported.
  • The new capital will be used to accelerate development and commercialization of its automotive smart chips, as well as to build an open partner ecosystem in the automobile industry, said the report.
  • Horizon is a Beijing-based AI chip unicorn with focus on autonomous driving.

KR-ASIA.COM 8 Jan, 2021

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