AI Unicorn SenseTime Bags USD1 Billion Funding From SoftBank China
Chen Juan
DATE:  Sep 11 2018
/ SOURCE:  Yicai
AI Unicorn SenseTime Bags USD1 Billion Funding From SoftBank China AI Unicorn SenseTime Bags USD1 Billion Funding From SoftBank China

(Yicai Global) Sept. 11 -- Chinese artificial intelligence firm Beijing SenseTime Technologyrecently secured a USD1 billion investment from Japanese SoftBank'sShanghai affiliateSoftBank ChinaVenture Capital, lifting its valuation to around USD6 billion, tech media outlet Sina Technology reported.

Users of the four-year-old AI startup's facial recognition technology include Sina Weibo and smartphone maker OppoElectronics.

The report disclosed nofurther details of the funding deal. SenseTime has completed eight financing rounds since 2014, raising a total of over USD2 billion, public information shows.

It received an aggregate of USD1.2 billion from AlibabaGroup Holding in Hangzhou, Singaporean sovereign fund Temasek Holdings and theUS Tiger Management's Tiger Fundin April and May, valuing the company at USD4.5 billion at that time.

Editor: Ben Armour

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Keywords:   SenseTime Technology