Hong Kong-based artificial intelligence startup SenseTime said on Monday it had raised $600 million from Alibaba Group Holding and other investors, in what is reportedly the biggest fundraising round ever in the sector.
Singapore's sovereign wealth fund Temasek Holdings and Chinese retailer Suning Commerce Group also participated in the round, SenseTime said in a news release. The deal values the three-year-old startup at more than $3 billion, according to Bloomberg. Previous investors include chipmaker Qualcomm.
