Caixin
BUSINESS & TECH

Chinese Startup Breaks AI Fundraising Record

Artificial intelligence (AI) startup SenseTime Group Ltd. said it has raised $410 million in the single largest round of funding in AI history. Photo: SenseTime
Artificial intelligence (AI) startup SenseTime Group Ltd. said it has raised $410 million in the single largest round of funding in AI history. Photo: SenseTime

(Beijing) — Chinese artificial intelligence (AI) startup SenseTime Group Ltd. has raised the single largest round of funding in AI history — $410 million.

The Beijing-based deep-learning and computer-vision developer said it will use the funds to strengthen its research and development capabilities as well as explore new areas such as auto-driving, according to a company statement.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.