SenseTime has raised US$620 million in series C+ funding from Fidelity International, Hopu Capital, Silver Lake, Tiger Global, Qualcomm Ventures, other investment firms, and strategic investors.
China-based SenseTime Group has become the world’s most valuable artificial intelligence (AI) startup following a US$600 million from Alibaba Group Holding and other investors for a valuation of more than US$3 billion.
Honda has signed a long-term agreement to develop autonomous cars with SenseTime, a China artificial intelligence (AI) company.
The partnership will leverage Honda’s vehicle control system with SenseTime’s AI algorithms to jointly create an autonomous driving solution. The two companies will also work together on robot technology.
“Safety is the number one priority when it comes to driving, and it also constitutes the core of our autonomous driving solution. By combining SenseTime’s strengths in computer vision technologies with Honda’s superior vehicle control technologies, we will together enable a safe and pleasant autonomous driving experience.,” said Lao Shihong, CEO of SenseTime Japan.
China artificial intelligence (AI) startup SenseTime has signed a strategic investment agreement with Qualcomm.