Already backed by Qualcomm, Alibaba and Suning, facial recognition software developer SenseTime could receive up to $1bn from SoftBank Vision Fund.
Telecommunications and internet group SoftBank is lining up an investment of almost $1bn in China-based image recognition technology provider SenseTime, Bloomberg reported today, citing people familiar with the matter.
Terms of the investment, which would be made through SoftBank’s Vision Fund, are still being finalised. A prospective valuation has not been disclosed but SenseTime was valued at $4.5bn as of its last funding, a $620m series C-plus round in May this year.
Founded in 2014, SenseTime produces artificial intelligence…
