Also from CB Insights:
Asia is home to some of the top-valued AI startups in the world, but there were no AI unicorn births in Q1'20.
Amid Covid-19, deals to Asia-based AI startups plunged for the second consecutive quarter after a record Q3’19. The grim outlook was reflected in the ranks of the unicorn club as well, with no Asia-based AI startups newly reaching a $1B+ valuation in Q1’20.
***The majority — 15 out of 20 — of Asia-based AI unicorns are in China. TikTok-owner Bytedance remains the top-funded AI unicorn, with $4.4B raised and an enormous valuation of $75B. Rounding out the top 3 are facial recognition giants SenseTime and Megvii (known for its Face++ services), which notched $6B and $4B valuations respectively.
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We've looked at SenseTime a few times, here's December 2019's:
ICYMI: The Most Valuable AI Start-up Inthe World Does Facial Recognition
And January 2019:
Chinese AI/Facial Recognition Unicorn SenseTime Is Coming Back For Another $2 Billion
