Explainer: What is Biometric Identification? SenseTime has raised $2.60 b in total funding. Get the full list », You’re viewing 5 of 8 executive team members. Excepteur sint occaecat cupidatat, To view SenseTime’s complete valuation and funding history, request access », You’re viewing 5 of 24 competitors. SenseTime Group Ltd., the world’s most valuable artificial-intelligence startup, is beginning preparations for a new financing round, people with knowledge of the matter said. Personalize which data points you want to see and create visualizations instantly. Dual-based in Beijing and Hong Kong, SenseTime develops applications for facial recognition, video analysis and other areas including autonomous driving. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Investors are handing billions of dollars to Chinese artificial intelligence startups from SenseTime to Face++, hoping to ride a wave of support from a government intent on becoming the world leader in the technology by 2030.
Our business at Alibaba is already seeing tangible benefits from our investments in AI and we are committed to further investment.”, Reporting by Sijia Jiang and Julie ZhuEditing by Christopher Cushing. © 2020 PitchBook Data. Defeat for Trump Would Mean Some Other Leaders Also Lose Out, Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe, U.S. Stocks Rise on Bets for Spending-Bill Deal: Markets Wrap, An Obscure American Automaker Now Has the World’s Fastest Car, U.S. Stocks Drop With Spending-Aid Deal Elusive: Markets Wrap. Which investors participated in the most funding rounds? SenseTime, which counts Alibaba Group Holding Ltd. as an investor, is working with advisers on the fundraising, according to the people. It also said it set a world record for the amount raised in a single funding round by an AI firm. The bank denied a request to provide equipment for facial recognition systems accessible to local public security bureaus, but was found to have continued its loan program in the region.
A representative for SenseTime declined to comment. SenseTime Group Ltd., the world’s most valuable artificial-intelligence startup, is beginning preparations for a new financing round, people with knowledge of the matter said. Not only in the AI sector, China’s VC investment heat … Provider of AI solutions used in computer vision and visual technology. Cameras for SenseTime's autonomous driving system. SenseTime raised $600 million in its series-C funding round having attracted investors including Chinese e-commerce company Suning.Com Co Ltd and Singapore state fund Temasek Holdings (Private) Ltd [TEM.UL], it said in a statement on Monday.
What affect any or all of these factors will have is difficult to say.
SenseTime has raised a total of $2.6B in funding over 7 rounds. company SenseTime raises more than $1 billion in back-to-back funding rounds Published Thu, May 31 2018 12:56 AM EDT Updated Thu, May 31 2018 10:14 PM EDT Saheli Roy Choudhury @sahelirc biometrics | China | facial recognition | Hong Kong | IPO | stocks | video surveillance. The company did not disclose its valuation, but said it is now the world’s most valuable AI platform. A SenseTime spokeswoman declined to comment on the valuation as the firm has moved into the series-C+ round of fundraising. The company was valued at $4.5 billion in 2018 following its $600 million Series C. 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. View SenseTime stock / share price, financials, funding rounds, investors and more at Craft. A plan to build a European headquarters in the UK has also been set aside, according to recent reports.
The CEO of SenseTime claimed prior to the postponed Hong Kong IPO it was valued at $7.5 billion, and the company says its revenue reached 5 billion yuan (US$720 million) last year, a 147 percent increase from 2018. All rights reserved. SenseTime specializes in systems that analyze faces and images on an enormous scale and works with policing bodies, retailers and health-care researchers across China and internationally.
Get the full list », To view SenseTime’s complete board members history, request access », You’re viewing 5 of 37 investors. Provider of AI solutions used in computer vision and visual technology. SenseTime has made 11 investments. The startup has said it experienced 400 percent growth in past years as it encompassed more industries, from cameras in retailer Suning’s stores to driverless cars for Honda. Their most recent investment was on Aug 21, 2019, when Zhiyuanhui raised Before it's here, it's on the Bloomberg Terminal. Some investors have warned that the sector could experience a downturn if those companies fail to deliver revenue growth. SenseTime General Information Description. The two people who disclosed the current valuation declined to be identified as the matter was private.
A bi-partisan request for answers about how that happened was recently sent to the World Bank Group by Congressional-Executive Commission on China Co-chairs Rep. Jim McGovern (D-Mass.) SenseTime was valued at $1.5 billion in July after it raised $410 million in its series-B funding round, led by China’s CDH Investments and state-backed fund Sailing Capital. Entity List for alleged involvement in oppression in Xinjiang, Hong Kong was wracked with protests over political changes that have further inflamed tensions with the West, and then the COVID-19 pandemic struck, leading to a 93 percent drop in IPO share sales, and the postponement of a listing in Hong Kong. Our Standards: The Thomson Reuters Trust Principles. PitchBook is a financial technology company that provides data on the capital markets. SenseTime valuation is $7.5 b,. The facial recognition unicorn is rumored to be seeking an $8.5 billion pre-funding valuation. Provider of AI solutions used in computer vision and visual technology. Which funding types raised the most money? Copyright © 2020 Biometrics Research Group, Inc. All Rights Reserved. Learn how your comment data is processed. It is enjoying fast growth as both the private and public sectors upgrade to advanced technologies.
Deliberations are at an early stage, and details of the deal could change, the people said. The facial recognition unicorn is rumored to be seeking an $8.5 billion pre-funding valuation.
Their latest funding was raised on Sep 10, 2018 from a Series D round.
SenseTime was valued at $1.5 billion in July after it raised $410 million in its series-B funding round, led by China’s CDH Investments and state-backed fund Sailing Capital. Alibaba Executive Vice Chairman Joe Tsai said in the statement, “We are especially impressed by their R&D capabilities in deep learning and visual computing. HONG KONG (Reuters) - Chinese facial recognition technology developer SenseTime Group Ltd has tripled its worth in less than a year after a funding round, led by Alibaba Group Holding Ltd, valued it at about $4.5 billion, people with knowledge of the matter said. Major investors in SenseTime include Chinese entities like SoftBank, but also Singapore’s Temasek Holdings Pte. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. Chinese A.I. How many investments has this organization made over time?
The blockbuster biometrics IPO once planned by SenseTime may come off in Hong Kong this year after all, Bloomberg reports, perhaps as a dual listing on mainland China. In just four years, SenseTime went from being an academic project to become the world's most valuable artificial intelligence (AI) company with a current valuation of $4.5 billion. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. 58 Northwest 4th Ring Road, Haidian District. The Chinese company aims to raise about $2 billion in fresh funding this year, the people said, asking not to be identified because the information is private. SenseTime's face recognition cloud service and identity authentication technologies enable Daimler to grow its businesses via Mercedes-Benz Financial Services, car sharing, etc.