Press release published by: https://www.forbes.com/
Source URL: https://www.forbes.com/sites/armstrongpaul/2018/04/10/alibaba-backed-chinese-ai-startup-sensetime-sets-600m-funding-record/#17acc6417dad
A startup that describes itself as China’s leading artificial intelligence company has just raked in a cool $600 million in fresh investment led by tech giant Alibaba — making it the single largest venture capital investment in the AI sector.
SenseTime, which was established in 2014 and specializes in facial and image recognition technology, said the cash injection will provide “important impetus” to the buildout of its AI platform, “advancing the company’s technological innovation and opening up new business opportunities.”
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