SenseTime Group valued at $4.5 billion in latest funding round

The development underscores the fact that the Chinese facial recognition company is gaining strategic bulk.

SenseTime Group, a Chinese facial recognition technology company, disclosed that it raised $620 million in its latest funding round which saw its valuation touch $4.5 billion.

The funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger Global, said SenseTime in a statement.

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