China’s SenseTime Group said it raised US$620mil (RM2.46bil) in a second funding round in two months, pushing its valuation to over US$4.5bil (RM17.89bil) and maintaining its position as the world’s most valuable artificial intelligence technology startup.
The company, which specialises in systems that analyse faces and images on an large scale, said on Thursday that it has closed its C+ round led by investment firms such as Fidelity International, Hopu Capital, Sliver Lake and Tiger Global. Previous investors, including Qualcomm Ventures also took part. The Beijing-based startup has raised more than US$1.6bil (RM6.36bil) to date.