SenseTime joins $173 million investment for Terminus

China's leading facial recognition startup builds its corporate network of next-generation technologies as it buys a stake in Beijing-based IoT developer.

SenseTime joins $173 million investment for Terminus

Beijing-based Internet of Things IoT startup Terminus Technologies has raised Rmb1.2 billion $172.5 million in its first round of Series B funding, the company announced on Friday.

Led by existing investors China Everbright and IDG Capital, they were joined in this round by leading Beiijing-headquartered artificial intelligence company SenseTime. The Chinese unicorn develops facial and image recognition technology, which is used for bank verification and security services.

Founded...

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