On 9 April 2018, SenseTime, the world's leading artificial intelligence platform company, announced its completion of a $600 million Series C round of financing. This is SenseTime's another breaking financing record in the global artificial intelligence field after the US$410 million round of B financing in July 2017. This round C of financing was led by Alibaba Group, and investment funds and strategic partners such as Singapore's sovereign fund Temasek and Suning followed suit. Having been as the legal adviser of SenseTime Technology B 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 serving and accompanying 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. At present, 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.
The Llinks Innovation Legal Service Group is a multi-disciplinary service group established by all of Llinks professionals, relying on Llinks integrated platform to actively serve domestic and foreign innovative companies, industry groups, investment institutions, asset management agencies, investment banks and other partners. We will share professional experience with our clients in securities, equity investment, fund investment, information security compliance, and risk prevention and control that are most concerned with in the field of innovation. We are committed to provide our clients with the most advanced legal exploration based on our capabilities of focus, creativity, and rapid response.
