SenseTime clocks $227m investment

Nov 29, 2017 • Thierry Heles

Alibaba has injected $227m into SenseTime at a $3bn valuation, following an investment of undisclosed size by Qualcomm earlier this month.

China-based artificial intelligence (AI) technology producer SenseTime has received $227m from internet and e-commerce group Alibaba, China Money Network reported today.

The deal, which has not been officially confirmed, reportedly valued SenseTime at $3bn post-money. It is not clear if Alibaba made the commitment as part of a $500m series C round that SenseTime is reportedly in the process of raising.

Founded in 2014, SenseTime is developing computer vision and deep learning technology to power facial and image recognition…

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