Beijing Facial Recognition Firm Closes Face-Saving Investment

By Editor
August 07, 2016

Anyone who knows China understands the importance of face,

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  • and a Beijing startup is extending that social metaphor to the digital world with a whopping US$100 million investment.

    Beijing-based face recognition technology firm Face++ has raised at least US$100 million from Foxconn Technology Group, Kobe 11 Scarpe Elite CCB International Holdings Ltd. Canotta Detroit Pistons and existing investors.

    The round follows a disclosure last month by Foxconn on its US$20 million investment in the company, and a US$25 million series B+ round Face++ completed in May 2016.

    Face++ says it will use the proceeds to improve its facial recognition technology, Maglie NBA a Poco Prezzo and expand applications in the financial industry, security sector,

  • smart city services and robotics sectors.

    Face++, operating under Megvii Inc., nike air max 2017 dames provides face-scanning systems and identity recognition solutions to Ant Financial, China’s public security bureau, Vanke, nike air max pas cher Lenovo, chaussures nike air max pas cher Didi Chuxing and other companies.

    In March 2015, Alibaba’s chairman Jack Ma showcased Ant Financial’s “Smile to Pay” function, Johnny Cueto Jersey powered by Face++, in front of German Chancellor Angela Merkel.

    In 2014,

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