Dalian Wanda Group and existing investor IDG Capital Partners both took part in a CDH Investments-led round for the deep learning technology startup.
China-based deep learning technology developer SenseTime has raised $120m from investors including property-focused conglomerate Dalian Wanda Group, China Money Network reported today.
The round was led by alternative asset management firm CDH Investments and also featured IDG Capital, which invests as US-based media company International Data Group’s local venture capital affiliate, and VC firm StarVC.
Founded in 2014, SenseTime claims it is the only China-based company developing its own deep learning algorithms and infrastructure, and has produced applications that recognise…
