SenseTime snags Alibaba funding at US$3bil valuation


BEIJING: SenseTime Group Ltd has raised US$600mil from Alibaba Group Holding Ltd and other investors at a valuation of more than US$3bil, becoming the world’s most valuable artificial intelligence startup.

The company, which specialises in systems that analyse faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings Pte and retailer Suning.com Co also participated.

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Business , Sensetime , Alibaba

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