Yuri Milner finances China's AI-focused Horizon Robotics

Russian entrepreneur and venture capitalist Yuri Milner, founder of investment firm Digital Sky Technologies Ltd (DST Global), has made a new investment in a tech company Horizon Robotics, a China-based startup focused on artificial intelligence (AI). The size of the investment venture was not disclosed. Horizon Robotics will use the latest proceeds on research and development, including team expansion, reported the China Money Network. The startup was established in July 2015 by Dr. Kai YU, the founder and former head of Institute of Deep Learning (IDL) at Baidu. Horizon Robotics previously received seed funding from Hillhouse Capital, Morningside Ventures, GSR Ventures, Sequoia Capital, among others.