The facial recognition technology producer, backed by Legend Holdings at angel-stage, increased its series B round to $47m with an extra $25m.
Face++, a China-based facial-recognition technology developer backed by conglomerate Legend Holdings, has raised $25m in a series B+ round led by venture capital fund Innovation Works, China Money Network has reported.
The round also included venture capital firm Qiming Venture Partners, according to TechCrunch.
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, already use the software, and Face++ plans to employ the funds to…
