10 Nov '17, 1pm
China AI unicorn SenseTime eyes new financing of US$500 million #DIGITIMES
China AI unicorn SenseTime eyes new financing of US$500 million Jean Chu, Shanghai; Willis Ke, DIGITIMES [Friday 10 November 2017] China AI unicorn SenseTime is reportedly to announce a new round of financing estimated at around US$500 million within one month, which will be the largest scale of its kind seen in the China AI industry, according to industry sources. SenseTime is now the largest AI company in China focusing on computer vision and deep learning technologies and also the country's largest AI unicorn valued at above US$1.5 billion, which will expand to US$2 billion after the new financing plan completed, the sources said. The company has established cooperation ties with many strategic partners and customers, providing AI technologies to various application fields, including face recognition, image recognition, video analysis, autonomous driving, and medical im...