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Title : Face Recognition Startup Raises $600m on $3b Valuation
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Face Recognition Startup Raises $600m on $3b Valuation

Bloomberg, Teslarati: Chinese 3 year-old SenseTime startup has raised $600m from Alibaba Group, Singaporean state firm Temasek Holdings, retailer Suning.com, and other investors at a valuation of more than $3b, becoming the world’s most valuable face recognition startup. The second largest Chinese facial-recognition start-up Megvii has raised $460m last year.

The Qualcomm-backed company specializes in systems that analyse faces and images on an enormous scale. SenseTime turned profitable in 2017 and wants to grow its workforce to 2,000 by the end of this year. With the latest financing deal, SenseTime has doubled its valuation in a few months.

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