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Physicist, Startup Founder, Blogger, Dad

Tuesday, April 10, 2018

SenseTime: most valuable AI startup in the world?



Scientific publications of the founder and CEO Li Xu.
Bloomberg Technology: SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup.

The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings Pte and retailer Suning.com Co. also participated. SenseTime didn’t outline individual investments, but Alibaba was said to have sought the biggest stake in the three-year-old startup. ...

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