The image recognition technology provider backed by Alibaba, Dalian Wanda, Suning and Qualcomm, reportedly expects to raise the cash at a $10bn valuation.
SenseTime, the China-based computer vision software provider backed by corporates Suning, Qualcomm, Alibaba and Dalian Wanda, is lining up $1.5bn in new funding, Reuters reported on Friday.
The round is set to value the company at $10bn, according to three people with knowledge of the matter, two of which told Reuters of the proposed size of the round. It is expected to precede an initial public offering on the Shanghai Stock Exchange’s Star Market.
Founded in 2014, SenseTime provides artificial…
