The artificial intelligence software provider, which counts Alibaba, Qualcomm, Suning and Dalian Wanda as investors, is looking to raise about $2bn in funding.

SenseTime, the China-based image recognition software provider backed by corporates Alibaba, Qualcomm, Suning and Dalian Wanda, is preparing to raise about $2bn in funding, Bloomberg has reported.

The company is currently speaking to advisers about the prospective funding, according to people with knowledge of the matter, but they did not reveal the likelihood that internet and telecommunications group SoftBank, who was mooted as a possible investor in July 2018, will be involved.

SenseTime provides artificial intelligence software that analyses…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.