The unit is set to lead a $100m round for Horizon Robotics as part of $60m investment in data-focused companies, taking its total 2017 spending to almost $570m.
Intel Capital, the corporate venturing arm of semiconductor technology producer Intel, will lead a $100m series A+ round for China-based artificial intelligence chip developer Horizon Robotics, Bloomberg reported yesterday.
The unit’s contribution to the round will form part of the $60m of investments in 15 data-focused startups it disclosed yesterday. It has now provided a total of $566m for companies in 2017.
Wendell Brooks, president of Intel Capital, said: “By 2020, every autonomous vehicle on the road will create 4…
