Cash Capital provided up to $42.4m for the iris recognition technology developer, following a Gree Electric investment in September.
Beijing Wanlihong Technology, a China-based artificial intelligence and identity recognition technology developer, has secured up to RMB300m ($42.4m) in funding from Chinese Academy of Sciences’ Cash Capital, according to DealStreetAsia.
Founded in 2001, Wanlihong provides a range of technology including iris recognition systems, governance software, cybersecurity, telecommunications and artificial intelligence products.
The Cash Capital investment will be used to expand business development and bolster Wanlihong’s research and development capabilities as it seeks to grow its presence in China’s…
