SBCVC, SenseTime Co-Lead $199M Series D Round In Video Technology Firm Moviebook

SB China Venture Capital (SBCVC) and Chinese artificial intelligence company SenseTime have co-lead a RMB1.36 billion (US$199 million) series D round in video technology start-up Beijing Moviebook Technology Corp., Ltd. Other investors including Qianhai Wutong M&A Fund, PAC Partners, Chinese media group Oriental Pearl Group Co., Ltd., and Lang Sheng Investment also participated in the round, according to Moviebook Technology’s announcement. Proceeds of this round will be used for smart image technology optimization and expanding its research and development team. …

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