All Cases. Christopher Udemans is a Shanghai-based data and graphics reporter. by Chris Udemans Mar 19, 2020 Mar 19, 2020. More by Chris Udemans.

Backed up by billions of dollars, SenseTime founded its own corporate fund to invest in AI startups and in the meantime, according to Tianyancha’s record, it has founded tens of AI companies with support from regional governments. The most valuable AI unicorn in the world SenseTime is struggling to monetize its products, just like many other AI startups. Context: Sensetime was one of eight Chinese companies blacklisted by the US in October over alleged complicity in Beijing’s human rights violations in China.

Now, they have all expanded to multiple areas and their product mix is transformed from vertical focus to fuller coverage.

Megvii, surveillance camera maker Hikvision, and speech recognition firm iFlytek were also included in the export ban. The round of funding would be the last before an initial public offering (IPO), the people said. More by Chris Udemans. Since the start of the Covid-19 outbreak in China, Sensetime has seen widespread use of its contactless temperature-monitoring technology, which has been deployed in metro stations, office buildings, and factories around China. Earlier this year, Sensetime reportedly delayed its plans to go public, looking instead for up to $1 billion in private funding. Nio, Xpeng, Li Auto: your cheat sheet to China's listed Tesla rivals, EV maker Byton CEO departs amid restructuring: report, China Tech Investor: Xiaomi’s resilience, with Bryan Ma, Zoom will be local version-only for Chinese users, Major disruption at Okex, Filecoin strike: Blockheads, INSIGHTS | Data localization is going global, Proudly powered by Newspack by Automattic. SenseTime has raised nine rounds of financing, making a total of USD 3 billion. Total investment fell to RMB 119.1 billion ($16.7 billion) in Q1 from RMB 173.6 billion during the first three months of last year. Latest news and trends about tech in China. China has the most unicorn companies in the world – 206 unicorns as of 2019 – while the United States has the second most unicorn companies, 203. In 2017, SenseTime signed an MOU with the Shanghai government, mentioning that the AI unicorn would invest no less than CNY 5 billion (USD 700 million) within five years, whereas expected revenue for 2019 was USD 750 million. In 2019 we witnessed exacerbating global trade tensions between China and other countries: we saw certain of China’s companies pause infrastructure projects, watched fluctuating (most of the time increasing) tariffs on both sides between China and the United States, the creation of the US commerce blacklist, and so on. Established in 2014, SenseTime, or say VCs, has made itself the most valuable AI company in the world valuing at USD 7.5 billion. Why it matters: Sensetime has faced numerous hurdles since late last year as it laid plans for its initial public offering (IPO).

Among them, SenseTime became the ‘shining pearl’ after it was given the highest valuation, and also the highest deal value recorded, the USD 1 billion Series D funding from SoftBank China. Singapore’s AI companies received general investments from VC investors last year, and among these companies, Advance.AI was funded the most, landing USD 80 million in its Series C financing. (Image credit: Sensetime) Artificial intelligence company Sensetime has delayed its plan to go public in Hong Kong, and is instead seeking up to $1 billion in private funding. Software and AI, Sources: White House Allows AMD and Intel to Supply to Huawei, OPPO and Midea to Co-create Smart Home and IoT Ecosystem, Alibaba Cloud Launches 1.0 Version of PaaS for Cloud Gaming, Taking On Tencent, Huawei's Hubble Invests in VisionICs Microelectronics Technology, China Mobile Is Facing Challenges – But Is Still a Solid Bet, Ask the author questions about the copied text. How about several CNY 5 billion investments?