YITU honored for its facial recognition platform at WAIC 2018
YITU Technology picked up the Super AI Leader award (SAIL Award) at this year’s World Artificial Intelligence Conference (WAIC) in Shanghai. More than 500 companies and organizations from around the globe were nominated.
The SAIL Award was presented to YITU for its innovation in the industry. According to the announcement, the awarded project, the YITU Intelligent Face Platform, is just one example of YITU’s capability to apply cutting-edge AI technology to business scenarios where top-notch algorithms and deep understanding about the industries are required.
In June YITU took first place on the NIST facial recognition testing leaderboard for the second year in a row, beating out a pair of other Chinese organizations and a pair of Russian organizations, which rounded out the top five in the latest Face Recognition Vendor Test (FRVT) Ongoing.
The team of judges included academic experts from the Chinese Academy of Sciences, industry leaders from companies including Microsoft, Baidu, Alibaba and Tencent and AI focused investors from Sequoia and IDG.
The company received a C+ round investment of US$100 million from China Industrial Asset Management Ltd in July. This was in addition to the $200 million raised from new investors ICBC International and SPDB International announced in June.