Chinese artificial intelligence unicorn SenseTime has raised $620 million to help finance its buildout across facial recognition, autonomous driving and medical imaging.
The series C funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Qualcomm Ventures and other investment firms and strategic investors also participated.
This latest fundraiser gives it a valuation of over $4.5 billion, maintaining its position as the world’s largest and most valuable AI unicorn. Alibaba led the series C round of funding in April which collected $600 million.
SenseTime is not alone in raising capital to build out AI capabilities Baidu,...