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SenseTime

Website: sensetime.com

As the world’s leading deep learning platform developer, SenseTime is dedicated to creating industry solutions via innovations in AI and big data analysis.

SenseTime Biometrics News

 

CloudWalk raises $250M and plans IPO as biometrics firms flourish in China during pandemic response

CloudWalk has raised RMB 1.8 billion (US$254 million) in funding from a group of provincial and municipal funds in China to…

Mar 23, 2020

Biometric checks and facial recognition payments to support social distancing, fight spread of covid-19

(Image of Ver-ID courtesy of Applied Recognition) Face biometrics continue to be implemented around the world to support social distancing…

Mar 18, 2020

SenseTime postpones plan for potential blockbuster biometrics IPO, seeks private funding

SenseTime has decided to postpone its Hong Kong IPO of up to $750 million following the global aftermath of the…

Feb 11, 2020

LG CNS collaborates with SenseTime on biometric entry service unaffected by masks

LG subsidiary LG CNS announced it has deployed artificial intelligence-based biometric facial recognition technology from Chinese company SenseTime on 26…

Feb 10, 2020

SenseTime develops biometric identification system for masked faces as Chinese companies adapt to crisis

The Coronavirus outbreak is providing challenges for Chinese authorities that may also be opportunities for biometrics companies like SenseTime and…

Dec 9, 2019

SenseTime forecasts facial recognition revenue increase despite U.S. ban

Despite being included on the U.S. Government’s Entity List alongside 27 other tech companies, SenseTime is rumored to register some…

Nov 28, 2019

SenseTime to lead Chinese working group setting facial biometrics standards

A national-level working group led by SenseTime has convened in China to set standards for biometric facial recognition, as privacy…

Oct 9, 2019

Goldman Sachs reconsiders support of Megvii IPO, MIT reevaluates SenseTime link

Megvii IPO sponsor Goldman Sachs Group has decided to reconsider its role in the biometrics unicorn’s initial public offering, after…

Oct 8, 2019

U.S. drops Entity List hammer on Chinese facial recognition unicorns and biometrics providers

The U.S. Government has added 28 organizations to its Entity List, banning major biometrics companies including Dahua, Hikvision, iFlytek, Megvii,…

Sep 30, 2019

Sensetime partners with China Tower for massive biometric video surveillance network

Sensetime has formed a partnership with network infrastructure provider China Tower to implement a massive video surveillance network with biometric…

Sep 13, 2019

High traffic identification tops this week’s biometrics and digital ID news

Progress in Nigeria and in airport biometrics systems make up several of the most popular articles on Biometric Update this…

Sep 5, 2019

Facial recognition giants unveil new technologies at World AI Conference

Facial biometrics unicorn SenseTime is opening a new Chinese headquarters in Shanghai, the company announced at the World Artificial Intelligence…

Aug 23, 2019

Facial recognition solutions from SenseTime, Google, and others offered for diverse applications

Biometric facial recognition is being deployed to a new group of devices, customers, and software solutions with use cases ranging…

Jul 26, 2019

SenseTime to build regional AI R&D hub in Abu Dhabi

SenseTime is opening a regional headquarters for research and development into AI technologies, possibly including biometric facial recognition, in Abu…

Jul 4, 2019

Tencent and SenseTime executives join Malaysian sovereign wealth fund board

Executives from Tencent Holdings and biometric facial recognition unicorn SenseTime have been appointed to the Board of Directors of Malaysian…

Apr 26, 2019

SenseTime to help build new Malaysia AI hub for speech recognition development

Malaysian Prime Minister Mahathir Mohamad has approved the construction of a $1 billion artificial intelligence hub in the country in…

Mar 14, 2019

SenseTime facial recognition deployed for payments, driver monitoring on Shanghai buses

SenseTime and the Shanghai International Automobile City Group (SIACG) have been working together to improve SIACG’s shuttle bus service operations,…

Feb 18, 2019

Face biometrics startups lead AI sector in attracting major investment

Facial recognition companies are leaders among the ranks of artificial intelligence startups attracting major investments, with SenseTime totaling $1.63 billion…

Jan 14, 2019

IPO and $2B funding round could be coming for Chinese AI biometrics unicorns

Megvii is considering making an initial public offering on the Hong Kong stock exchange to raise up to $1 billion…

Dec 10, 2018

Real ID launches digital ID app tailored to Asia with SenseTime facial recognition

The development of technologies for safeguarding digital identities is Asia has lagged behind the progress made in the U.S. and…

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