SoftBank Group Corp’s Vision Fund to invest nearly $1 billion in China’s SenseTime Group Ltd

The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…

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…