Orbbec raises $200 million in funding round led by Ant Financial

3D motion sensor company Orbbec has raised $200 million in a Series D funding round led by Alibaba Group investment arm Ant Financial, China Money Network reports.

The Shenzhen-based Orbbec designs and manufactures 3D sensors for facial recognition, gesture recognition, and other applications for smartphones, robots, and IoT devices. It was founded in 2013 by a team of engineers and researchers including Howard Yuanhao Huang.

Other participants in the funding round include SAIF Partners, Green Pine Capital Partners, R-Z Capital, and Tianlangxing Capital.

Orbbec currently employs about 400 people, with three-quarters of them in research and development. The company formed a partnership with 3DiVi in 2017 to deliver 3D full body and face tracking technology to consumer and corporate markets.

3D sensing technology continues to evolve, as SensibleVision recently introduced technology for authenticating high volumes of individuals with facial recognition in busy settings.

Article Topics

Alibaba Group  |  biometrics  |  China  |  sensors