• AI giant SenseTime leads $199M investment in Chinese video tech startup

    2 monthes ago - By Tech Crunch

    SenseTime may be best known as the world's highest-valued AI company - having raised $620 million at a valuation of over $4.5 billion - but it is also an investor, too. The Chinese firm this week led a 1.36 billion RMB Series D funding round for Moviebook , a Beijing-based startup that develops technology to support online video services.
    Moviebook previously raised a 500 million RMB Series C in 2017, worth around $75 million. SB China Venture Capital also took part in this new round alongside Qianhai Wutong, PAC Partners, Oriental Pearl, and Lang Sheng Investment.
    With the investment...
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