Chinese AI unicorn Sensetime leads $75m Series B for Helian Health

Hangzhou-based hospital wifi provider Helian Health has closed a $75-million Series B round led by AI unicorn Sensetime, valuing the former at $900 million, according to local media reports.

The round was joined by Hangzhou government-backed Wanxiang Investment and Hangzhou Lianchuan Investment.

Helian Health co-founder and vice president Ye Anping was quoted by the local media as saying the funds will be used to accelerate the startup’s technical, AI, Internet of Things (IoT) and big data capabilities.

Sensetime co-founder Xu Bing commented: “Helian Health is an innovative pioneer in technologies for hospitals. It has become a leader in hospital application of IoT. Through our investment, SenseTime hopes to accelerate applying its technologies in hospitals and expands its investment in smart healthcare.”

Sensetime last raised $620 million for its Series C+ round, hitting a valuation of $4.5 billion. Its investors include Alibaba, Tiger Global, Qualcomm Ventures, Silver Lake Partners.

Founded in 2013, Helian Health now supplies wifi to over 1,700 hospitals in China, it said on its website. It has developed two mobile apps, Xiaohe Yizhu and Hejiankang, which enable healthcare professionals to store health records in the cloud and provide personalized health recommendations respectively.

Both apps have together served more than 97 million patients and more than 1.4 million registered physicians.

Also Read:

JAFCO, Vickers Venture back China’s WiFi provider Skyroam’s $20m round

China’s SenseTime secures $620m in latest fundraising, gets valued at $4.5b

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.