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.

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