SenseTime, a leading Chinese leading facial and image recognition company, completed a  $620 million Series C+ funding. The investors include Fidelity International and Tiger Global. Qualcomm Ventures participated in the financing too.

With the fresh capital injection, SenseTime now has a valuation of $4.5 billion. So far, SenseTime has received a total financing of more than $1.6 billion. SenseTime’s partners and customers include MIT, Qualcomm, NVIDIA, Huawei, Xiaomi, and iFlytek.

While facial and image industry demonstrates strong market demand and future perspective, China’s AI recognition and AR market doesn’t see many players who own core advanced technologies. The situation is leading resources and attention to major players such as SenseTime. Not only industrial chain players would be willing to jointly cooperate with SenseTime, application segments of the industry are also eagerly looking for commercial practices.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com