China's Horizon Robotics Now Valued at $3 Billion

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Chinese Online Travel Agency Trip.com Sees Revenue Plummet As Covid-19 Fallout Lingers; Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views; Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet

LATEST: Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet; Chinese Online Travel Agency Trip.com Sees Revenue Plummet As Covid-19 Fallout Lingers; Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round; Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC; Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views; Chinese Carmaker Geely Signs Driver-Assistance System Deal with Mobileye; Chinese Genomics Company BGI to Provide Ethiopia with Coronavirus Testing Kits Made at African Plant; Trending in China: Autumn Milk Tea – Cynical Marketing Strategy or True Friendship?; IFC Mulls $80m Loan to Chinese Pig Rearing Firm Guangxi Yangxiang; Short Video Firm Kuaishou Optimizes Its E-Commerce By Connecting Livestreamers With Quality Products; Segway Owner Set to Make History With Shanghai IPO; BMW’s Use of High-Density Batteries Raises Safety Concerns; ByteDance Applies for Chinese Tech Export License as TikTok Negotiations Continue; Trending in China: Macau Eases Travel Restrictions but Will Covid-19 Tests Kill People’s Travel Bug?; Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service; Trending in China: School Throws Away Students’ Food Deliveries To Force Use of Canteen; Chinese Electric Carmaker Li Auto Teams Up With U.S. Chipmaker Nvidia; JD.com-Backed Recycling Operator Wanwu Xinsheng Nets Over $100m; HSBC Shares Fall to Lowest Since 2009 As Investors Fret About Financial Crimes Report; Huawei Cuts R&D Investment and Jobs in Australia Amid Tech War

By Zhang Erchi and Tang Ziyi / Feb 27, 2019 12:30 PM / Business & Tech

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.

Share this article

Open WeChat and scan the QR code