Monday, January 14, 2019

Chinese AI/Facial Recognition Unicorn SenseTime Is Coming Back For Another $2 Billion

From Technode, Jan. 11:

Briefing: Chinese AI unicorn SenseTime prepares to raise $2 billion in funding
World’s Largest AI Startup Readies $2 Billion Fundraising – Bloomberg

What happened: The world’s most valuable artificial intelligence (AI) startup SenseTime is reportedly working with advisors to raise $2 billion in a fresh round of funding. People with knowledge of the matter told Bloomberg that the deliberations are at an early stage and details of the deal could change. A company spokesperson declined to comment when contacted by TechNode.

Why its important: The Chinese AI unicorn raised over $1.2 billion with a valuation of over $4.5 billion in 2018....MORE 
Previously on SenseTime:
ICYMI: The Most Valuable AI Start-up Inthe World Does Facial Recognition
"The 10 Biggest Artificial Intelligence Startups in The World"
"From laboratory in far west, China's surveillance state spreads quietly"
"How China’s AI Technology Exports Are Seeding Surveillance Societies Globally"
"China’s AI Giants Can’t Say No to the Party"
"China’s Surveillance State: AI Startups, Tech Giants Are At The Center Of The Government’s Plans"

Probably related:
Secretly Hankering to Be a Totalitarian? "How to Invest in the China Social Credit Score"