Qualcomm helps send $620m to SenseTime

May 31, 2018 • Robert Lavine

AI technology producer SenseTime has added series C+ funding to a $600m series C round it closed just last month, and is valued at $4.5bn.

China-based artificial intelligence technology provider SenseTime closed a series C+ round featuring Qualcomm Ventures, the corporate venture capital subsidiary of mobile semiconductor technology producer Qualcomm, at $620m today.

Investment and financial services group Fidelity International also participated in the round, along with Hopu Capital, Silver Lake, Tiger Global Management and unnamed investment firms and strategic backers. It valued SenseTime at more than $4.5bn.

SenseTime produces AI technologies such as facial and image recognition, augmented reality, autonomous driving and driver monitoring…

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