SenseTime will provide technology assistance as well as capital, having invested in IoT and AI technology provider Terminus Technologies' latest round.
China-based internet-of-things (IoT) technology provider Terminus Technologies secured RMB1.2bn ($173m) today in a round featuring image recognition software producer SenseTime.
Asset management group China Everbright and venture capital group IDG Capital co-led the round while Lighthouse Capital was financial adviser.
Terminus supplies artificial intelligence (AI) and IoT technology to governments and businesses in China to help them manage cities, buildings or public safety. Its technology is being utilised in more than 8,400 projects across the country.
China Everbright and IDG…
