Chinese artificial intelligence start-up SenseTime has raised $620m (£465m) in funding, a month after raising $600 million from e-commerce giant Alibaba. SenseTime, which is headquartered in Beijing, develops a facial recognition product which is used by the Chinese government for its surveillance system.
Other SenseTime customers include Honda, which uses the technology in its driverless cars, and Chinese smartphone companies Huawei and Xiaomi. The latest investment in SenseTime came from Fidelity International, Hopu Capital, Silver Lake and Tiger Global.
Qualcomm also invested in the latest round of funding through its Qualcomm Ventures division. The US chip company has a partnership with SenseTime Read more from telegraph.co.uk…
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