SenseTime spinout Sunrise raises RMB2B at RMB20B valuation

Sunrise, an AI chipmaker spun out of SenseTime's chip business, reportedly raised RMB2 billion ($280 million) at a post-money valuation of about RMB20 billion, nearly doubling its valuation from the previous round. The company develops AI inference chips as China pushes domestic alternatives for large-scale model deployment.