Funding round
SenseTime Series B
SenseTime, which works in AI software platform development in Xuhui District, raised $410M in a Series B round announced on 14 Jul 2017, at a $1.50B post-money valuation. It is SenseTime's first venture round on record.
$410M
Amount raised
$1.50B
Post-money valuation
27%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced SenseTime at $1.50B after the new money. The $410M bought investors about 27% of the company. It is SenseTime's first venture round on record, 3 years after it was founded in 2014. It is 41% of the $1.01B SenseTime has raised in the venture rounds on record. SenseTime raised again 9 months later: a Series C round of $600M in Apr 2018.
SenseTime's funding rounds
SenseTime has 2 venture rounds on record. This one is highlighted.
- Series B this round 14 Jul 2017 $410M$1.50B post-money
- Series C 9 Apr 2018, led by Alibaba Group $600M
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
372 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $16M, and this round was 26 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Jul 2017 | $350M | $1.10B | Zeus Entertainment |
| Tech Companies | 19 Jul 2017 | $159M | not disclosed | SoftBank Group Corp. and Greylock Partners |
| Tech Companies | 25 Jul 2017 | $62M | not disclosed | Y Combinator |
| Tech Companies | 20 Jul 2017 | $50M | not disclosed | Insight Partners |
| Tech Companies | 18 Jul 2017 | $50M | not disclosed | Activant |
| Tech Companies | 18 Jul 2017 | $43M | not disclosed | Georgian |
| Assent Tech Companies | 14 Jul 2017 | $40M | not disclosed | Greenspring Associates |
| Tech Companies | 25 Jul 2017 | $33M | not disclosed | Pitango |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did SenseTime raise in its Series B round?
SenseTime raised $410M in its Series B round, announced in Jul 2017.
What was SenseTime's valuation at the Series B round?
$1.50B post-money.
How does it compare with other Series B rounds in Tech Companies?
372 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $16M, and this round was 26 times the median.
Did SenseTime raise again after this round?
Yes: a Series C round in Apr 2018 of $600M.