The artificial intelligence technology producer secured the money at a reported $4.5bn valuation, with Alibaba leading the round and Suning also investing.
E-commerce group Alibaba led a $600m series C round for China-based artificial intelligence software provider SenseTime today that valued it at $4.5bn, people with knowledge of the matter told Reuters.
Retail group Suning and Singaporean government-owned investment firm Temasek also participated in the round, which the company claims is the largest ever raised by an AI technology developer.
SenseTime supplies computer vision and deep learning technology based on its supercomputing platform, powering functions such as facial and textual character recognition,…
