Briefing: SenseTime among investors of IoT and safety unicorn Terminus’ billion RMB financing · TechNode
What happened: Terminus, an IoT unicorn providing artificial intelligence and smart city solutions, announced that the company has completed an RMB 1.2 billion ($173 million) Series B1 led by China Everbright and IDG with SenseTime participating. Terminus has implemented around 8,335 projects nationwide. Regarding public safety projects it assists, the company claims that Terminus’ technology could help reduce the crime rate by over 90% and save energy used in buildings by 30%. Terminus says order values it has recorded so far in 2018 has surpassed RMB 1 billion.