“Formerly known as Face++ before rebranding in January 2019, Megvii has transformed itself from a facial recognition algorithm provider into a fully-fledged artificial intelligence of things (AloT) service provider For personal IoT, Megvii technologies enable over 3.5 billion instances of facial identification and payments processes every day and its algorithms cover 70 per cent of…
Tag: Megvii
Megvii AI Startup Files For Hong Kong IPO
“AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange. The Beijing-based company, known for its facial recognition brand Face++, reportedly plans to raise between $500 million and $1 billion Megvii’s investors include Alibaba, Ant Financial and the Bank of China, and it has a valuation of more than…