Corporates open Moviebook with $199m

Aug 7, 2018 • Robert Lavine

SenseTime and the SoftBank-backed SBCVC co-led the online advertising technology developer's series D round, which included Oriental Pearl.

China-based video advertising software provider Beijing Moviebook Technology has raised RMB1.36bn ($199m) in a series D round co-led by artificial intelligence technology producer SenseTime, China Money Network reported today.

The round was co-led by SBCVC, a venture capital firm formed by telecommunications group SoftBank, and included media group Oriental Pearl, Qianhai Wutong M&A Fund and investment firms Lang Sheng Investment and PAC Partners.

Moviebook produces video recognition technology that enables clients to advertise their products in online videos through overlays…

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