Horizon Robotics Set to Raise $100 Million Led by Intel Capital
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Horizon Robotics, a startup that makes computer chips, is set to complete a $100 million funding round led by Intel Capital as it targets building a prototype driverless car that can park itself.
The funds will be finalized by December and go toward hiring more engineers as well as research and development, co-founder Kai Yu said. Yu, formerly one of Chinese search giant Baidu Inc.’s leading scientists, said the prototype could be ready by the end of the year.