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Computer Vision, AI Technology Firm 'SenseTime' Raises USD 120 Mln Series B

Hexun.com, 12/14/16

Beijing-based computer vision and artificial intelligence (AI) technology developer SenseTime Technology Development recently announced completion of USD 120 mln in Series B funding led by CDH Investments. Additional investors this round include Chinese entertainment conglomerate Dalian Wanda Group, IDG Capital, and Star VC.

SenseTime offers a range of AI and computer vision technology products based on its own deep learning platform, including image processing, sensing, and recognition technologies for finance, urban security, robotics, and driverless vehicle applications.

The company's customers include China Mobile, China Unicom, HNA Group, Huawei Technologies, Xiaomi, Meitu Technology, Sina, and JD.com.

Editor's Note: In April this year, SenseTime revealed that it had secured USD 8-digit pre-Series B funding (see "Computer Vision and AI Technology Developer SenseTime Wins Pre-Series B," MD 4/26/16 issue.)

Keywords: VC M&A funding software CDH Investments IDGVC Wanda Group Star VC artificial intelligence SenseTime Series B

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