According to the Financial Post, Chinese AI start-up SenseTime is considering IPO on Shanghai Stock Exchange’s STAR Market. The company’s latest round of financing will bring its valuation to US$10 billion. People familiar with the matter said that the AI company was put on a trade blacklist by Washington in October last year, and is expected to raise US$1.5 billion from the upcoming round of financing. Read more on related Synced coverage: IPO Season: China’s First Wave of AI Companies Are Going Public
We know you don’t want to miss any story. Subscribe to our popular Synced Global AI Weekly to get weekly AI updates.

Pingback: Chinese AI Startup SenseTime considers IPO on STAR Market – Synced – SwedenStartups.com