Haier Financial Holdings has backed a $254m funding round for CloudWalk, a spinout of Chinese Academy of Sciences.
China-based facial recognition technology developer CloudWalk has obtained RMB1.8bn ($254m) in a funding round backed by Haier Financial Holdings, a unit of home appliances manufacturer Haier, DealStreetAsia reported today.
A range of national and municipal government-owned entities also contributed, including investment company Guosheng Group, financial services firms Nansha Financial Holding and Industrial and Commercial Bank of China, as well as the China Internet Investment Fund.
Spun out of Chinese Academy of Sciences (CAS) in 2015, CloudWalk produces facial…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
