China startup releases AI processors then raises $100 million

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Horizon Robotics Ltd. (Beijing, China), a startup founded in 2015, has released two artificial intelligence processors and raised about $100 million in a funding round with help from Intel Capital.

Apr. 04, 2018 – 

Horizon is a spin off from the Chinese Academy of Sciences, that is expected to create artificial intelligence products and platforms at the chip, board and system-level aimed at smart driving, smart cities and smart buildings.

The company describes itself as providing a "full-stack solution" including algorithm framework design, compiler and runtime library for the processors, hardware and chip design and deployment together with large-scale training and simulation platform

The first two artificial intelligence processors are the 'Journey 1.0' for smart driving and the 'Sunrise 1.0' processor for smart cameras. In an automobile application, the two chips work together with one chip processing sensory inputs while the second uses that information to control a vehicle.

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