Artificial intelligence processor developer Horizon Robotics added $400m in series C2 funding to the $150m it raised last month.

Advanced battery producer Contemporary Amperex Technology has co-led a $400m series C2 round for China-based artificial intelligence chipmaker Horizon Robotics, DealStreetAsia reported yesterday.

The round was co-led by investment manager Baillie Gifford, private equity firm YF Capital and Citic Private Equity Funds Management (CPE), a subsidiary of investment banking group Citic Group.

Financial services provider Orix, CloudAlpha Tech Fund, Neumann Advisors, Aspex Management, Hermitage Capital, China Securities and Yuantai Changqing Fund filled out the round together with the state-backed Shandong…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.