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Стартап
DateDate: 11-04-2018, 08:11

The Chinese developer of artificial intelligence (AI) and face recognition SenseTime has tripled its estimated value after the next round of funding, reports Reuters.
On April 9, 2018, SenseTime announced that, following the third round of fundraising (Series C), the company managed to raise $ 600 million. The main investor was the Chinese giant of e-commerce Alibaba Group, and among other participants are the Singapore investment fund Temasek and the Chinese trading network Suning.
After the previous round of financing for Series B, which ended in July 2017, and brought SenseTime 410 million dollars from the Chinese investment company CDH Investments and the Chinese-backed Sailing Capital fund, the cost of the Chinese AI start-up was estimated at $ 1.5 billion. In addition, in November last year, an American chipmaker Qualcomm reported on cooperation with SenseTime and providing funding to it.
Thanks to the support of partners in less than a year, the estimated value of SenseTime has increased 3-fold and now stands at about 4.5 billion dollars, the agency informed sources.
The management of the Chinese company does not disclose the cost, but note that in view of the latest round of financing, SenseTime has become the most expensive AI startup in the world.
SenseTime develops applications for face recognition and analysis of video data, and also conducts research in related areas such as systems for unmanned vehicles and augmented reality (AR). According to Reuters, SenseTime technologies are used in 14 different sectors, and the main clients of the company are police departments throughout the PRC.
Bloomberg reported that SenseTime is currently working on a service code-named "Viper", which will provide analysis of the video stream coming from thousands of video cameras in real time. It is assumed that the platform will become a valuable tool for organizing mass observation.
In an interview with the publication of one of the founders of SenseTime, Xu Li (Xu Li) said that the company is going to explore several strategic directions, so it needs additional funds to develop its infrastructure.
Also, the top manager noted that in 2017 SenseTime has become profitable, and that over the past three years the company has been increasing its revenue by an average of 400% per year. In SenseTime plans until the end of 2018, a third increase in staff and bring the total staff to 2 thousand employees.
Source: dailycomm.ru





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