HorizonRoboTIcs, founded by Dr. Yu Kai, former head of the Baidu Institute for Advanced Learning (IDL), recently received investment from renowned venture capitalist YuriMilner. The company's vision is to define “all things intelligenceâ€. It is planned to spend 10 years to realize “AIInside†for 1000 kinds of consumer electronic products in the world, with the ability to sense, interact, understand and make decisions. Horizon's products are artificial intelligence solutions, and have developed the "Hugo" platform for intelligent driving and the "Andersen" platform for smart homes, and achieved many world-leading results. YuriMilner is a visionary venture capitalist who founded DST and invested in a number of world-renowned Internet and high-tech companies including Facebook, Whatsup, AirBnB, Snapchat, SpoTIfy, etc. and Alibaba, JD, Didi Excellent Chinese companies such as Xiaomi and Meituan. Yuri said: "I am always honored to be a partner with outstanding technology startups. Artificial intelligence will change the world and make human life better. I am full of respect for Dr. Yu Kai and his Horizon team." "Human intelligence comes from an extraordinary brain. The future of artificial intelligence lies in the construction of 'brain' systems and platforms. The creation of the horizon is based on such a vision and goals. It is a pleasure to work with Yuri to achieve this great vision." Founder/CEO Yu Kai said. Dr. Yu returned from Silicon Valley in 2012 and is determined to be the best artificial intelligence in the world in China. He has founded and led the first deep learning R&D institution in China, Baidu IDL, and the first self-driving project of Chinese Internet companies. Horizon was established in July 2015 and successfully completed the seed round financing. Investors include many top investment institutions—Chenxing, Gaochun, Sequoia, Jinshajiang, Linear Capital, Innovation Works and Zhenge Fund. The company implemented the large-scale deep neural network algorithm in the cloud on the high-performance and low-power "brain engine", bringing intelligence on the device side. The company has a multitude of hormones that span a full range of software and hardware solutions across images, voice, natural language understanding and motion control. The fields of application will be home, car, toys, etc. Horizon robots need to do artificial intelligence solutions: integrate processors (ARM/GPU/FPGA/ASIC), peripheral hardware devices (lenses, microphones, etc.), software (operating systems and APIs), and cloud and big data services. Get devices (such as appliances, cars, and toys) with intelligence from perception, interaction, understanding, to decision making. According to public information, Dr. Yu Kai is a national special expert of the “Thousand Talents Program†of the Central Organization Department. The former Baidu Research Institute Executive Dean and Baidu Senior Technical Director have led the Baidu Deep Learning Institute (IDL). He founded IDL, China's first deep learning R&D organization, and led the team to make breakthroughs in core technologies & services such as speech recognition, computer vision, accurate advertising, and web search ranking. Since 2014, he has initiated and led a series of innovative projects such as Baidu Brain, Baidu Autopilot, BaiduEye, and DuBike. His paper was awarded the Silver Medal at the 2013 International Robot Learning Conference (ICML) Best Paper Award, and served as Chairman of the ICML and NIPS fields. In October 2017, the world's leading artificial intelligence start-up company Horizon, officially announced the successful acquisition of investment from Intel Capital at the Intel Investment CEO Conference in San Francisco, USA. The Horizon is expected to complete a total of nearly $100 million in A+ rounds of financing by the end of the year. This round of financing was led by Intel Capital, and Harvest Investment Co., Ltd., other participating investors including current shareholders Chenxing Capital, Gaochun Capital, Shuanghu Investment and Linear Capital. The Thai joint venture is the exclusive financial advisor for this round of financing. Left: Horizon Founder & CEO Yu Kai right: Wendell Brooks, Global Vice President, Intel Group
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Horizon Robot wins investment from Silicon Valley investor yuri