SenseTime Group Ltd, China's largest deep learning platform developer, announced on April 9 that it has received $600 million in its Series C round of fundraising.

Led by e-commerce giant Alibaba Group Holding Ltd, the venture capital funding was a record in the artificial intelligence sector.

Other major investors include Temasek Holdings and Suning Commerce Group Co Ltd.

"With the new capital injection, we will broaden the scope for more AI applications, expanding and upgrading SenseTime's global layout," said Xu Li, co-founder and CEO of Sense-Time.

The latest financing will also bankroll investments in autonomous driving, intelligent retailing, security and surveillance, finance and education.

With a total valuation exceeding $4.5 billion, SenseTime will become the most valuable artificial intelligence startup in the world.

As a Chinese AI unicorn, SenseTime is committed to innovative computer vision and deep learning technologies and has become the largest supplier of AI algorithms in the country.

In March, SenseTime joined hands with the Massachusetts Institute of Technology to further advance computer vision, medical imaging and AI algorithms inspired by human intelligence.

Chinese tech startup SenseTime Co is headquartered in Zhongguancun Science Park, known as China's Silicon Valley. [Photo provided to chinadaily.com.cn]