Horizon's products include facial recognition technology. Photo: VCG
Horizon Robotics, one of China's leading designers of artificial intelligence chips, announced on Wednesday that it raised $600 million in its latest funding round. This values the company at $3 billion.
The round is led by South Korean conglomerate SK, memory chip manufacturer SK Hynix and several venture capital funds backed by Chinese automakers.
Beijing-based Horizon previously raised $100 million in a funding round led by Intel Capital in 2017.