Thanks to its innovative technologies, SenseTime maintains its leadership position in areas such as facial and image recognition, autonomous driving, and medical imaging. Next up is the launch of a new project, Viper, a platform for monitoring the flow of people, which can analyze data from thousands of cameras in real time.
SenseTime, a leading Chinese artificial intelligence (AI) company, successfully raised US$600 million through its ICO. The Series C round was led by Alibaba.
The total amount of the project is $3 billion. Using the raised capital will be an important incentive to create the SenseTime AI platform, promote the company's technological innovations and open up new business opportunities.
Currently, the high-performance supercomputing platform SenseTime is one of the largest in China. It has more than 8,000 GPUs. It is capable of supporting building models with hundreds of billions of parameters, processing large amounts of data and billions of images. Today, it has become China's largest AI platform company and artificial intelligence algorithm provider.
In 2017, SenseTime announced a series of important strategic partnerships in China and abroad.
With Qualcomm, it initiated developments that increase the intelligence of smartphones and other devices.
The company has partnered with Honda to provide new autonomous driving technologies.
Working with Suning, China's largest consumer electronics retailer, the company helped develop the "Store of the Future," which uses facial recognition to provide free store visits and also analyzes its customer database.
In March 2018, the Company formed a strategic partnership with several large Chinese state-owned enterprises located in Shanghai, such as INESA Group and Lingang Group. SenseTime will use its AI technologies to help the city in several initiatives, including smart city, smart traffic, autonomous driving and smart finance.
SenseTime has established partnerships with more than 400 leading Chinese and foreign enterprises in the fields of security, fintech, transportation, retail, smartphones, mobile internet and robotics.
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