Foxconn, SK Group and Ant Financial have participated in a $460m funding round for Megvii, the facial recognition software provider also known as Face++.
Megvii, the China-based facial recognition technology developer also known as Face++, has secured about $460m in a round featuring diversified conglomerate SK Group and contract electronics manufacturer Foxconn, Bloomberg reported yesterday.
Russia-China Investment Fund, the private equity fund backed by the governments of each of those countries, led the round, which also featured Ant Financial, the financial services affiliate of e-commerce group Alibaba, according to a person familiar with the matter.
Megvii supplies facial scanning and recognition technology to electronics…
