February 27, 2019 - Horizon Robotics ("The Company"), a leading edge artificial intelligence computing platform, announced its Series B Financing with c. $600 million total investment at a valuation of $3Bn, jointly led by SK China, SK Hynix, and several top automotive groups and their investment vehicles. Other strategic partners and investors involved in this round include China Oceanwide Group's Oceanwide Capital, CMBC Capital, CLSA's CSOBOR Fund, and Oceanpine Capital. Existing shareholders, including Morningside Venture Capital, Hillhouse Capital, V Fund Management and Linear Venture, have also participated in the financing. The latest Series B Financing follows the $100M+ Series A Financing in late 2017 led by Intel Capital. In just over three years since inception, Horizon Robotics once again has received significant investment interest and support.
Going forward, Horizon Robotics will continue its vision to become the leader in edge AI processors and computing platforms - enabling autonomous driving, smart cities, smart robotics and other AIoT devices "On the Horizon" - powering AI to make everyone's life safer and better!
About Oceanpine CapitalOceanpine Capital is a professional investment management firm dedicated to long-term investment with a focus on value creation. We provide long-term capital and professional value-added services to high-growth enterprises and start-up companies. We focus on investment opportunities in the TMT, consumption upgrade, advanced manufacturing, and healthcare sectors. We mainly invest in private companies with rapid growth, but also look at some opportunities in public companies.For more information, please visit http://oceanpine.net.
Source: Oceanpine Capital
