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New Deal


Announced

Completed

Great Wall Motor led a $350m Series C3 round in Horizon Robotics.

Financials

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Transaction Value£254m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Electronic Components and Equipment

AI chips

Minority

Venture Capital

Domestic

Private

Single Bidder

China

Completed

artificial intelligence

Synopsis

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Great Wall Motor, a Chinese automobile manufacturer, led a $350m Series C3 round in Horizon Robotics, an auto smart chip startup. "GWM has industry-leading technological innovation strength, especially in the field of automobile intelligence, and Horizon Robotics has strong strength in such fields as artificial intelligence chips, visual perception and multi-modal interaction. Both sides are intended via this cooperation to build an extensive and in-depth cooperative relationship, and are committed to promoting the ecological construction of intelligent vehicles and jointly building future-oriented intelligent vehicle products," Yu Kai, Horizon Robotics Founder and CEO.

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