Intel Capital joins $100m round in China's Horizon Robotics, backs Japan's LeapMind $10m Series B

Intel Capital joins $100m round in China's Horizon Robotics, backs Japan's LeapMind $10m Series B

Representatives of Horizon Robotics, one of the companies receiving Intel Capital investments, are shown at the 2017 Intel CEO Showcase on Oct. 19, 2017, in San Francisco. Credit: Intel Corporation

Intel Capital, the corporate venture capital arm of Intel Corporation, has backed a Series A+ round in Chinese computer chips maker Horizon Robotics. The round is expected to total about $100 million upon completion, the investor said in a statement.

The funding to the Chinese firm is part of the latest tranche of investments worth $60 million in 15 global startups announced by Intel Capital. The only other Asian startup to make the list was Tokyo’s LeapMind, which provides deep learning research and software as a service (SaaS). The latest tranche brings Intel Capital’s year-to-date investments to more than $566 million.

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