[ SenseTime raises $60M in Series C ]
SenseTime has raised $60 million in Series C funding.
Founded in 2014, SenseTime develops face recognition technology that can be applied to payment and picture analysis, which could be used, for instance, on bank card verification and security systems.
The company that is building its work on deep learning infrastructure is also looking to compete with global IT companies like Google and Facebook. The new financing will be used to expand the application of its technology.
|City||Hong Kong, Hong Kong Island|
|Founder / CEO||Li Xu|
|IDG Capital Partners|