SenSat, a UK-based company using artificial intelligence (AI) to unlock value in the Infrastructure industry, by using digital representations of real-world locations has raised a $10 million (€9 million) Series A funding round. The round was led by internet giant Tencent, with participation from Sistema Venture Capital. The company has so far raised $14.5M (€13.2M) in venture funding.
As per the press release, the new finance will be used to expand its London team of 30 experts by more than three-fold over the next year, as well as to drive continued international expansion. The company is focusing on hiring data scientists, mathematicians, software developers, and creative problem solvers.