The AI-equipped image verification technology developer has pulled in a nine-figure renminbi sum, in a round backed by corporate investor Orbecc.

China-based identity verification technology developer ReadSense has secured several hundred million renminbi (RMB100m = $14.9m) in a series B round featuring robotic vision technology producer Orbbec according to China Money Network.

Growth equity firm SAIF Partners led the round according to a statement on its WeChat account late last week, and was joined by private equity firm Morale Capital and Shanghai SIIC Fund Management, which forms part of state-owned asset manager Shanghai Industrial Investment Co.

Founded in 2015, ReadSense is…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.