Beijing-based face recognition technology firm Face++ has raised at least US$100 million from Foxconn Technology Group, CCB International Holdings Ltd. and existing investors, according to media reports.
The round follows a disclosure last month by Foxconn on its US$20 million investment in the company, and a US$25 million series B+ round Face++ completed last May.
The company plans to use the latest proceeds to improve its facial recognition technology, and expand applications in the financial industry, securities, smart cities and robotics sectors.
Face++, operating under Megvii Inc., provides face-scanning systems and identity recognition solutions to Ant Financial<... This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network