SenseTime Group, the world’s most valuable artificial-intelligence start-up, is preparing for a new financing round with the China-baned company aiming to raise about $2 billion in fresh funding this year.

Bloomberg reports that SenseTime, which counts Alibaba Group as an investor, raised more than $1.2 billion last year including a round announced in May that valued it at more than $4.5 billion. Bloomberg News reported in July that SoftBank Vision Fund was also seeking to take a nearly $1 billion stake in the company.

SenseTime specialises in systems that analyse faces and images. The start-up has said it experienced 400 per cent growth in past years as it encompassed more industries, from cameras in retailer Suning’s stores to driverless cars for Honda.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: AI, Articles, Funding