China’s artificial intelligence unicorn SenseTime has completed its pre-IPO round in late last year, with a post-fundraising valuation that reaches USD 12 billion, according to an exclusive Tencent News report.
While the amount raised wasn’t disclosed, the report said that the investors are mostly government-associated institutions, including state funds and local governments.
The current valuation has doubled since previous round, in which SoftBank injected USD 1 billion in September 2018.
With its dominant position in computer vision, SenseTime has become one of the most valuable AI unicorns in the world. In November, 36Kr reported that the company plans a dual listing in Shanghai and Hong Kong within three years.
Read this: ‘A forest, some clouds, and all kinds of creatures’: The state of AI in China
This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.
