China’s SenseTime raises $620 million in latest funding round

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HONG KONG (Reuters) – Chinese language facial recognition know-how developer SenseTime Group Ltd has raised $620 million in its newest spherical of funding, valuing the corporate at greater than $4.5 billion.

FILE PHOTO: SenseTime surveillance software program figuring out clients’ motion patterns at a division retailer runs as an illustration on the firm’s workplace in Beijing, China, October 11, 2017. REUTERS/Thomas Peter/File Picture

The financing was led by Constancy Worldwide, Hopu Capital, Silver Lake and Tiger International, it mentioned in a press release.

Reporting By Sijia Jiang; Modifying by Anne Marie Roantree and Edwina Gibbs

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