Chinese A.I. company raises more than $1 billion in back-to-back funding rounds [CNBC]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: CNBC
Chinese A.I. company SenseTime raises more than $1 billion in back-to-back funding rounds Investors are pouring funds into Chinese artificial intelligence company SenseTime. The image recognition firm said Thursday that it raised $620 million in fresh funds from prominent investors including Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Chipmaker Qualcomm's venture capital arm also participated in the round. The new funds would be invested into research and development and acquiring talent, according to the company. SenseTime said it is now valued at over $4.5 billion, maintaining its standing as one of the most valuable AI start-ups in the world. Thursday's announcement comes just months after the start-up said it raised $600 million in funds from Alibaba , Chinese retailer Suning.com and Singapore state investment firm Temasek Holdings . Last year, SenseTime raised $410 million in funds. In total, the start-up now has capital of more than $1.6 billion. SenseTim
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