Chinese A.I. start-up raises a record $600 million in funding round led by Alibaba
2018-04-10 10:31:05 source：CNBC
April 9, 2018
China's SenseTime has raised $600 million in a round of funding led by e-commerce giant Alibaba.
The company said Monday that it had broken the record for the largest venture capital investment in the artificial intelligence (AI) industry.
SenseTime is a little-known AI firm with a valuation reportedly higher than $3 billion. The firm provides facial-recognition technology that can be used for things like bank card verification and counts state-owned telecommunications giant China Mobile, phone maker Huawei and U.S. chipmaker Nvidia among its clients.
Read more: