SenseTime, a four-year-old Chinese startup, became the world’s largest artificial intelligence startup in April this year after scoring a $600 million round from Alibaba. The company’s funding frenzy continues two months later upon the reception of another $620 million round at a $4.5 billion valuation.
AI is being applied in a dizzying array of areas, but one of the most successful is face recognition. It is also where SenseTime first boomed by selling its AI-powered face recognition solutions to smartphone makers to improve their cameras, beautify photos for Chinese social media platforms, and to provide identity verification for security systems.
“SenseTime was first known to the public as a face recognition company, but we are aiming at something much bigger than that. Actually, our face recognition team only represents a small part of the company now. A great majority of the staff is dedicated to the construction of our deep learning platform,” said Xu Bing, co-founder and vice president of SenseTime, at TechCrunch Hangzhou.
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