Skip to content
Subscriber Only

Intel-Backed Horizon Robotics Weighs $1 Billion U.S. IPO

  • AI chip startup could list as soon as the end of this year
  • Horizon Robotics counts Jack Ma’s VC fund among investors

Chinese artificial intelligence-chip startup Horizon Robotics Inc. is considering a U.S. initial public offering which could raise as much as $1 billion, according to people with knowledge of the matter.

The Beijing-based company, which is backed by investors including Intel Capital, Hillhouse Capital and Jack Ma’s Yunfeng Capital, is working with advisers on preparations for the share sale, the people said. A listing could happen as soon as the end of this year, they said, asking not to be identified as the information is private.