Chinese AI chip designer Horizon targets over $700m Series C, raises $150m

Artificial intelligence. Photo: unsplash

Horizon Robotics announced on Tuesday its plan to raise over $700 million in a Series C round, as the artificial intelligence (AI) chip designer joins a string of domestic peers to tap investors despite the Trump administration’s heightened crackdown on China Tech.

The Beijing-based startup, which was valued at $3 billion in its previous round of fundraising in 2019, already closed the first tranche of the Series C round at $150 million, Horizon announced in a WeChat post.

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