On 31 May 2018, SenseTime, the world's leading artificial intelligence platform company, announced its completion of Series C+ round of financing with the value of US$620 million. So far, SensenTime has completed a total of US$ 1.6 billion financing, whose market value has been estimated over US$ 4.5 billion. It has been keeping the largest financing world record by far and it is considered as highest valuation Unicorn Company in the artificial intelligence filed.
Having been as the legal adviser of SenseTime Technology's series B and C round of financing, Llinks continued serving as counsel of SenseTime, participating in the drafting, negotiation and modification of the transaction documents of this project. The project is another representative project of the Llinks Innovation Legal Service Group, which is designed to serve and accompany the growth and development of innovative companies.
SenseTime Technology was established in 2014 and specializes in original technologies for computer vision and deep learning. It is the world's leading artificial intelligence platform company. SenseTime Technology has established the top domestic self-developed deep learning supercomputer center and has become China's first-rate provider of artificial intelligence algorithms. In addition to its technical leadership, SenseTime Technology has consistently topped the market for commercial applications in multiple vertical markets. Since the company was founded, SenseTime Technology has made strategic cooperation with many internationally renowned organizations such as Qualcomm, Honda, and MIT. In March 2018, SenseTime Technology signed strategic agreements with many major state-owned enterprises, including INESA and Shanghai Lingang Group, and launched comprehensive cooperation in fields of safe cities, smart transportation, and smart finance.
