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SenseTime Raises US$600 Million in Series C Funding_Newsroom

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In 2017, SenseTime announced a series of significant strategic partnerships in China and abroad. With Qualcomm, it initiated an "algorithm chip" collaboration increasing the intelligence of smartphones and other devices. The Company partnered with Honda to provide industry-leading autonomous driving technologies. Working with Suning, the largest consumer electronics retailer in China, the Company has helped to develop the Store of Future, which leverages facial recognition for check-out free shopping as well as customer big data analysis. In February 2018, the prestigious Massachusets Institute of Technology announced that SenseTime was the first company to join its Intelligence Quest project and the two parties created an AI alliance to define the next frontier of human and machine intelligence.