Chinese deep learning start-up SenseTime raises $120m
A $120m funding round in Chinese deep learning start-up SenseTime has been led by alternative investment firm CDH Investments. SenseTime currently has applications in face recognition, language recognition, vehicle recognition, object recognition and image processing. The company's customers include China Mobile, HNA Group, Huawei, Xiaomi, Sina and JD.com. SenseTime plans to use the new funding to expand its deep learning infrastructure and its technology to other applications.
Chinese alternative investment firm CDH Investments has led a US$120 million funding round in Chinese deep learning start-up SenseTime, with participation from Dalian Wanda Group, IDG Capital, StarVC and others.