China startup releases AI processors then raises $100 million

April 04, 2018 // By Peter Clarke, eeNews

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.

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

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