Technology Dec 23, 2020 07:16 PM (GMT+8) · EqualOcean
On the 22nd, horizon, an AI chip company, announced that it had started round C financing with a total amount of more than US $700 million and had completed US $150 million, which was jointly invested by Wuyuan capital (formerly Chenxing capital), hillhood venture capital and today capital. Horizon promoted this round of financing with a pre investment valuation of $3.5 billion, corresponding to a 100 times market sales rate (PS). The company plans to complete all financing within this year and consider listing on the science and technology innovation board in the second half of 2021.

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