Horizon Robotics

Horizon Robotics develops automotive computing chips and software for advanced driver assistance and autonomous driving. Its Journey processors and related toolchains support perception, planning and in-vehicle AI workloads for automakers building intelligent and software-defined vehicles.

Facts

Segment: AI Compute
Country: China
Ticker: 9660.HK
Website: https://en.horizon.auto/

About

About Horizon Robotics

Horizon Robotics develops automotive computing chips and software for advanced driver assistance and automated driving. Its Journey processor family, development tools and driving software combine purpose-built hardware with perception and planning workloads.

The company supplies production-oriented computing solutions to vehicle manufacturers. Hardware capability and supported driving functions vary across Journey generations and the automaker's sensor, software and vehicle integration.

Market context

Horizon Robotics sits in the autonomy compute layer because vehicle AI chips and software platforms support perception, planning and control in intelligent machines.

Mobileye - comparable profile - peer: Autonomous Driving Stack
Waymo - comparable profile - peer: Autonomous Driving Stack
AeroVect - comparable profile - peer: Autonomous Driving Stack

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Financials

9660.HK - HKEX - HKD

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Funding

2021-06-11 - Series C final close - $600M - Horizon Robotics adds $600 million at final Series C close - Horizon Robotics completed a final $600 million Series C tranche, taking total Series C proceeds to $1.5 billion for its automotive AI chips and autonomous-driving platform. - source: semiengineering.com
2021-02-09 - Series C3 - $350M - Horizon Robotics completes $350 million C3 financing - Horizon Robotics completed a $350 million C3 financing backed by automotive-sector investors including BYD, Changjiang Automobile Electronic and Dongfeng Asset Management. - source: cnevpost.com
2020-12-21 - Series C first close - $150M - Horizon Robotics secures $150 million first Series C close - Horizon Robotics secured $150 million in the first close of a planned Series C financing for automotive AI chips and autonomous-driving computing. - source: techcrunch.com

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Investors

Hillhouse Capital - Participant - VC - 2 funding events - repeat backer - first seen 2017-12-20 - latest 2020-12-21
5Y Capital - Participant - VC - 1 funding event - first seen 2020-12-21
BYD - Participant - Unknown - 1 funding event - first seen 2021-02-09

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Timeline

2026-07-23 - Market Signal - Horizon Robotics prices $450M zero-coupon convertible bonds - The offering is expected to generate about $445.5 million in net proceeds, with about $398.9 million allocated to CARIAD-related payments and loan settlement. The amended arrangement gives CARIAD a 9.9% holding after early conversion while Horizon redeems… - source: 4g.stockstar.com
2025-10-27 - Partnership - ZF and Horizon Robotics announce Level 3 driver-assistance collaboration for China - ZF and Horizon Robotics announced plans to jointly launch a driver-assistance system for the Chinese market up to SAE Level 3. The ZF ProAI compute platform uses Horizon Robotics' Journey 6P processing hardware for full-scenario assisted driving. The… - source: press.zf.com
2024-10-24 - Market Signal - Horizon Robotics begins Hong Kong trading - The listing was one of Hong Kong’s largest technology IPOs of 2024. Horizon Robotics supplies autonomous driving compute and software to automotive customers. - source: clearygottlieb.com

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Team

Kai Yu - Founder and CEO - Leads Horizon Robotics around embedded AI processors used for perception, interaction and decision-control workloads.

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Relations

D-Robotics - Parent Company - D-Robotics spun out from Horizon Robotics in 2024 (robotics / AIoT division origin).

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