Beijing-based Internet of Things IoT startup Terminus Technologies has raised Rmb1.2 billion $172.5 million in its first round of Series B funding, the company announced on Friday.
Led by existing investors China Everbright and IDG Capital, they were joined in this round by leading Beiijing-headquartered artificial intelligence company SenseTime. The Chinese unicorn develops facial and image recognition technology, which is used for bank verification and security services.
Founded in 2015 with help from China Everbright, Terminus provides IoT systems for governments and corporations. These include municipal, building and public safety management systems.
In July last year, the company completed...
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