The Qualcomm, Alibaba, Suning and Dalian Wanda-backed artificial intelligence software provider is reportedly seeking a $9.5bn valuation.
SenseTime, the China-based artificial intelligence software provider that counts corporates Qualcomm, Alibaba, Suning and Dalian Wanda as investors, is mulling raising $1bn, the Wall Street Journal has reported.
The round would value the company at a minimum of $9.5bn post-money, according to people familiar with the matter. The news follows reports in March this year that it was weighing up a round sized at $500m to $1bn.
SenseTime provides a range of AI technologies including image and facial recognition…
