Deals
World's Largest AI Startup Readies $2 Billion Fundraising
Cameras for SenseTime's autonomous driving system.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
SenseTime Group Ltd., the world’s most valuable artificial-intelligence startup, is beginning preparations for a new financing round, people with knowledge of the matter said.
The Chinese company aims to raise about $2 billion in fresh funding this year, the people said, asking not to be identified because the information is private. SenseTime, which counts Alibaba Group Holding Ltd. as an investor, is working with advisers on the fundraising, according to the people.