US R Centre as Early as 2018
SenseTime says it is planning an IPO next year Qualcomm recently coque iphone 4 personaliser invested in the Chinese company SenseTime says its R centre will help work with partners
Chinese artificial intelligence (AI) startup coque iphone 4s jeux video SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a US research and development centre as early as next year, its founder told Reuters.
The Hong Kong and Beijing based deep coque iphone 6 souple rouge learning firm founded by Tang Xiaoou, a professor at the Chinese University of Hong Kong, is a leader among Chinese coque huawei p smart spigen AI startups that are enjoying fast growth amid coque iphone se itachi demand from the government and private sector for their facial recognition technology.
SenseTime provides applications for facial recognition, video analysis and other areas including autonomous driving. coque samsung The three year old firm counts China’s Ministry of Public Security and local heavyweights coque de telephone huawei y5 2019 pas cher such as China Mobile, HNA Group and Huawei Technologies as its major clients.
“We are growing very fast, funding is never an issue. coque iphone We can get as much as we want. bijoux pas cher Big name investors are queuing to get in. bijoux pas cher So for us, we are not in a hurry to IPO. coque huawei But at the right time, we definitely will,” said Tang.
Hong Kong, the United States and China will be considered for an initial public offering, he added.
“We don’t have a fixed timetable. coque iphone It could be next year or the year after, depending on whether it makes business sense,” he said, adding SenseTime was also seeking a finance chief.
Earlier, Reuters reported a latest funding round valued SenseTime at around $2 billion.
Tang said the company was valued coque iphone 7 element case “above” that and an ongoing funding round would last until the end of 2017. coque iphone But he would not reveal the amount being raised.
SenseTime recently said it had sealed an investment from Us chipmaker Qualcomm as part of a strategic partnership coque iphone 6 simba to develop AI enhanced chips.
Among its other investors are China’s CDH Investments and Sailing Capital.
US expansion
Tang said SenseTime planned to open a US coque iphone se griffin survivor R unit as soon as early next year to work better with partners.
He also said SenseTime, whose facial recognition error rate stands at 1/100 million, coque huawei y5 2019 ado had won a $100 million deal to coque iphone 5c dur develop autonomous driving technology with a partner, which he declined to name.