HK's SenseTime to raise $500m in largest AI funding round, Temasek could join

HK's SenseTime to raise $500m in largest AI funding round, Temasek could join

Photo: SenseTime website

Chinese private equity backed artificial intelligence (AI) company SenseTime Group plans to raise about $500 million in a new funding round, people familiar with the move said, in what would be the biggest ever such fundraising by an AI startup.

Hong Kong-based SenseTime and its rivals are cashing in on heightened investor interest in AI firms that is being stoked by a major push by China into the area.

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