# Horizon Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/horizon-robotics

- Industry: Electronics
- Headquarters: Beijing, China
- Website: www.horizon.cc
- Total disclosed funding: $2.6B
- Latest round: Series C (Jun 10, 2021)
- Investors on record: 54

## About

Founded in 2015 and based in Beijing, China, Horizon Robotics is an AI solution provider that focuses on artificial intelligence chips and solutions. Kai Yu, the founder and CEO of the company, used to work at Baidu, Microsoft, and Siemens. It acquired system certifications such as ISO 21448 and ISO 26262 ASIL B Compliant. The company has 5 branch offices in Shanghai, Nanjing, Shenzhen, and other cities. In 2016, it released the BPU architecture called Gaussian architecture. In November 2021, Horizon Robotics raised an undisclosed amount of strategic investment from new investor EQT Private Capital Asia. In September 2022, Horizon Robotics closed a strategic investment from new investor Chery Automobile Co., Ltd. In October 2024, the firm raised USD 219.8 million in pre-IPO funding and it was listed on the Hong Kong Stock Exchange. Its stock code is 09660.

The company engages in the research and development of AI chips. Its main products include AI chips, Matrix vehicle-level computing platform, and Tiangong Kaiwu AI full life cycle development platform. Tiangong Kaiwu AI full life cycle development platform includes three functional modules: model warehouse, AI chip toolchain, and AI application development middleware. The company also provides smart driving and smart IoT solutions. The company's business scope has covered the United States, Germany, Japan, and China.

The company’s revenue is generated by providing advanced driver assistance systems (ADAS) and advanced autonomous driving (AD) solutions for passenger cars.

In the future, the company will develop a new generation of high-end autonomous driving solutions, recruit R&D talents and expand overseas customers.

## Funding rounds

- Series C, Jun 10, 2021 — JD.com, Weihao Chuangxin Capital
- Series C, Feb 9, 2021, $350M — China International Capital Corporation, Rosefinch Investment, Xingyu Co., Ltd, Sunny Optical Technology, CS Capital, Shougang Fund, BYD Company Limited, ZWC Ventures, Dong Feng Asset Management, Minsheng Equity Investment, Shanghai Artificial Intelligence Industry Investment Fund, Great Wall Motor, Wenzhou Changjiang Automobile Electronic System Co.,Ltd., Bohai Securities
- Series C, Jan 7, 2021, $400M — CPE Funds Management, Baillie Gifford, YF Capital, Yuantai Investment Partners, CloudAlpha Capital Management, China Capital Management, Contemporary Amperex Technology Co., Limited, ORIX Asia Capital, Neumann Advisory Hong Kong, Shandong Hi-speed Fund, Yingcaiyuan Capital, Aspex Management, Hermitage Capital Group
- Series C, Dec 22, 2020, $150M — Capital Today, 5Y Capital, Hillhouse Investment, GTJA Innovation Investment, DAOL Private Equity
- Series B, Feb 26, 2019, $600M — CLSA Capital Partners, 5Y Capital, CITIC Securities International, Hillhouse Investment, SK Hynix, China Oceanwide Holdings Group, Linear Capital, China Minsheng Investment Group, V Fund, Oceanpine Capital, SK China
- Series B, Nov 27, 2018, $1B — Hong Shan, Sinovation Ventures, Hillhouse Investment
- Series A, Oct 19, 2017, $100M — Intel Capital, 5Y Capital, Hillhouse Investment, Harvest Fund Management, Wu Capital, Linear Capital, JIC Technology Investment
- Series A, Jul 1, 2016 — GSR Ventures, 5Y Capital, Tsing Capital, Hillhouse Investment, ZhenFund, Linear Capital, Vertex Ventures China, Beijing Shuanghu Investment Management
- Seed, Jul 5, 2015 — Hong Shan, GSR Ventures, 5Y Capital, Sinovation Ventures, Hillhouse Investment, ZhenFund, Linear Capital

## Investors

- Hong Shan — Seed, Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed, Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Seed, Series A, Series B, Series C
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Seed, Series B
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Seed, Series A, Series B, Series C
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed, Series A
- Linear Capital (https://capitalatlas.ai/funds/linear-capital) — Seed, Series A, Series B
- Tsing Capital (https://capitalatlas.ai/funds/tsing-capital) — Series A
- Vertex Ventures China (https://capitalatlas.ai/funds/vertex-ventures-china) — Series A
- Beijing Shuanghu Investment Management — Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Harvest Fund Management — Series A
- Wu Capital — Series A
- JIC Technology Investment — Series A
- CLSA Capital Partners (https://capitalatlas.ai/funds/clsa-capital-partners) — Series B
- CITIC Securities International — Series B
- SK Hynix — Series B
- China Oceanwide Holdings Group — Series B
- China Minsheng Investment Group (https://capitalatlas.ai/funds/china-minsheng-investment-group) — Series B
- V Fund (https://capitalatlas.ai/funds/v-fund) — Series B
- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series B
- SK China — Series B
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series C
- GTJA Innovation Investment (https://capitalatlas.ai/funds/gtja-innovation-investment) — Series C
- DAOL Private Equity (https://capitalatlas.ai/funds/daol-private-equity) — Series C
- CPE Funds Management (https://capitalatlas.ai/funds/cpe-funds-management) — Series C
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series C
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series C
- Yuantai Investment Partners (https://capitalatlas.ai/funds/yuantai-investment-partners) — Series C
- CloudAlpha Capital Management — Series C
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series C
- Contemporary Amperex Technology Co., Limited — Series C
- ORIX Asia Capital — Series C
- Neumann Advisory Hong Kong — Series C
- Shandong Hi-speed Fund (https://capitalatlas.ai/funds/shandong-hi-speed-fund) — Series C
- Yingcaiyuan Capital (https://capitalatlas.ai/funds/yingcaiyuan-capital) — Series C
- Aspex Management — Series C
- Hermitage Capital Group (https://capitalatlas.ai/funds/hermitage-capital-group) — Series C
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C
- Rosefinch Investment (https://capitalatlas.ai/funds/rosefinch-investment) — Series C
- Xingyu Co., Ltd — Series C
- Sunny Optical Technology — Series C
- CS Capital — Series C
- Shougang Fund — Series C
- BYD Company Limited — Series C
- ZWC Ventures (https://capitalatlas.ai/funds/zwc-ventures) — Series C
- Dong Feng Asset Management — Series C
- Minsheng Equity Investment (https://capitalatlas.ai/funds/minsheng-equity-investment) — Series C
- Shanghai Artificial Intelligence Industry Investment Fund — Series C
- Great Wall Motor (https://capitalatlas.ai/funds/great-wall-motor) — Series C
- Wenzhou Changjiang Automobile Electronic System Co.,Ltd. — Series C
- Bohai Securities — Series C
- JD.com — Series C
- Weihao Chuangxin Capital (https://capitalatlas.ai/funds/weihao-chuangxin-capital) — Series C