Baidu Ventures and Qihoo 360 Technology are among the backers of a funding round for Shumei Technology.
China-based fraud detection technology provider Shumei Technology has received $10m in series A funding from investors including internet company Baidu’s investment vehicle Baidu Ventures, China Money Network wrote today.
Internet security company Qihoo 360 Technology also participated, as did VC firms Shunwei Capital and Crystal Stream.
Established in 2015, Shumei’s technology combines artificial intelligence with big data to detect and prevent fraud. The company offers spam analysis, fingerprint recognition and mobile phone number identification.
The money will support product and…
