AI startup SenseTime raises $1.2bn in less than two months

Fidelity and Qualcomm join latest round of fundraising

20180531_sense time

SenseTime's surveillance software identifies details about people and vehicles in a demonstration at the company's office in Beijing.

Hong Kong-based artificial intelligence startup SenseTime on Thursday said it raised $620 million in its second funding round in less than two months, highlighting intense global interest in the sector.

The latest round involved a fresh roster of investors, including Fidelity International, Hopu Capital, Silver Lake and Tiger Global, along with Qualcomm Ventures. The deal values SenseTime at over $4.5 billion, the company said.

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