The $460m funding round for Megvii, also known as Face++, featured a host of corporates: Foxconn, SK Group and Ant Financial.
Megvii, the China-based facial recognition technology developer also known as Face++, has received approximately $460m in a round featuring diversified conglomerate SK Group, contract electronics manufacturer Foxconn as well as Ant Financial, the financial services affiliate of e-commerce group Alibaba.
Face++ provides a free facial detection and recognition API to developers and enterprises. E-commerce group Alibaba and Jiayuan, one of China’s biggest dating sites both use the software, as does financial services provider Ant Financial, and its systems draw…
