SenseTime raises funds to expand global presence

Chinese facial recognition startup SenseTime announced on Thursday that it has raised $620 million in its Series C plus round of fundraising, which will accelerate its expansion overseas.

The funding, led by investment firms such as Fidelity International, Hopu Capital, Silver Lake and Tiger Global, valued the four-year-old company at more than $4.5 billion. To date, the startup has received financing totaling more than $1.6 billion.

Qualcomm Ventures also participated in this round of financing.