Today, Horizon Robotics announced that it has completed its Series C2 financing round with a total amount of 400 million US dollars. The leading investors are Baillie Gifford, Yunfeng Fund, CITIC Industrial Fund, and CATL. So far, Horizon Robotics has raised 550 million out of the planned 700 million US dollars for its Series C financing.

Horizon Robotics stated that the funds will be mainly used for the research and commercialization of the next generation of L4/L5 level intelligent chips for cars, as well as the construction of partner ecosystems.

On December 22, Horizon Robotics announced that it had initiated a Series C financing round for a total of over 700 million US dollars, and had completed a C1 financing of 150 million US dollars led by Five Capital (formerly IDG Capital), Hillhouse Capital, and Sequoia Capital China.

Currently, Horizon Robotics has achieved mass production of vehicle-grade intelligent chips and formed a product layout of “intelligent driving + intelligent cockpit” chip solutions.

Horizon Robotics plans to launch its Journey 5 chip in the first half of 2021. This chip is built based on the ISO 26262-certified automotive functional safety product development process system of SGS TÜV Saar, with 96 TOPS of AI computing power and support for 16-channel camera perception processing.

Next, Horizon Robotics will also launch its automotive intelligent chip Journey 6, which adopts vehicle-grade 7nm process and has AI computing power exceeding 400 TOPS.

🔗 Source: Horizon Robotics

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.