Five Beijing-based companies are among the world's top 100 most promising AI startup companies, according to a list compiled by CB Insights, a firm that tracks venture capital and startups.
The five companies - Sense Time, 4Paradigm, Face++, Momenta and Horizon Robotics - are all headquartered in Beijing's Zhongguancun Park.
Sense Time, a startup that specializes in computer vision and deep learning technology, topped the list with a valuation of US$4.5 billion.
Sense Time, together with Face++, a facial recognition company, received the most equity funding among all AI startups, according to CB Insights.
The list represents the third annual cohort of top AI startups - a compilation of 100 of the most promising enterprises, whittled down from a pool of over 3,000 that provide hardware and data infrastructure for AI apps, optimizing machine learning workflows, and applying AI across a range of industries.
The selections are based on factors including patent activity, investor profiles, market potential, partnerships, competitive landscape, team strength, novelty and Mosaic scores. The latter is the product of CB Insight's own algorithm used to evaluate a company's holistic health and predict its growth potential.
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