Cleary Gottlieb represented HOPU Fund Management Company Limited as a co-lead investor in the $620 million Series C+ round financing of SenseTime Group Inc.
After this transaction, SenseTime became the world’s most valuable artificial intelligence startup company according to Bloomberg and The Verge. The transaction was signed on May 26, 2018, and will be closed in June 2018.
SenseTime Group is a leading artificial intelligence company focusing on facial-recognition technologies and related products.