Haidian District
Beijing, China
Megvii
Megvii Technology Limited operates a face detection, recognition, and analysis platform for Websites, mobile applications, and smart televisions. It offers an online API; offline SDKs to enterprise partners with license charge; and customized cloud services for enterprise partners with service charges. The company offers face detection/tracking, facial point detection, smile analysis, gender/age/race analysis, face verification, face recognition, and large-scale face search solutions. Megvii Research USA is the first North America branch of Megvii / Face++.
Megvii Biometrics News
China’s biometrics unicorns on the move as CloudWalk applies for $573M IPO
Chinese face biometrics and artificial intelligence solutions provider CloudWalk is working towards initial public offering on the Shanghai stock exchange…
| Nov 16, 2020 | Megvii extends face biometric access control to five international marketsMegvii has launched its biometric access control solution Koala to Japan, Singapore, Thailand, Brazil, and the United Arab Emirates to help… |
| Sep 16, 2020 | Alibaba and China Mobile rumored to be investing $443M in Dahua’s biometric surveillance businessDahua may be in line for a major investment in its biometric surveillance business from Alibaba and China Mobile, with Reuters reporting… |
| Aug 26, 2020 | Megvii partners with Storefriendly for automated warehouse solution with biometric authenticationMegvii has launched a warehouse automation solution with facial biometrics and smart logistics capabilities that it claims can improve space utilization… |
| Jul 29, 2020 | Biometrics unicorns Megvii and SenseTime’s revenues reportedly bounced back from Entity List impactTop Chinese biometrics unicorns Megvii and SenseTime are not experiencing prolonged difficulty raising funds or winning foreign contracts despite the blocks put… |
| Jun 23, 2020 | Face and voice biometrics providers in China boosted by AI market growth, Megvii works on robot networkWith $2.89 billion registered in 2019, IDC reports the AI software and application market in China is forecast to grow… |
| May 19, 2020 | Megvii partners with ARB to explore biometrics and IoT tech in MalaysiaMalaysian software development company ARB has partnered with Megvii to dive into AI biometric facial recognition applications and IoT technology… |
| May 15, 2020 | CloudWalk raises $250M and plans IPO as biometrics firms flourish in China during pandemic responseCloudWalk has raised RMB 1.8 billion (US$254 million) in funding from a group of provincial and municipal funds in China to… |
| Apr 6, 2020 | Megvii registers major biometrics revenue fall following U.S. trade blacklistChinese AI company Megvii suffered a major blow in terms of revenue after it was included on the U.S. trade… |
| Apr 1, 2020 | Politically closed China keen on programmatically open AIThe Chinese news service Xinhua is reporting that that nation’s authoritarian government is promoting the use of open-source artificial intelligence… |
| Feb 24, 2020 | Megvii to refile for lapsed blockbuster biometrics IPO in Hong Kong by end of MarchAlthough currently still on a U.S. blacklist, biometrics unicorn Megvii is refiling for the Hong Kong IPO, writes Reuters, after… |
| Feb 10, 2020 | SenseTime develops biometric identification system for masked faces as Chinese companies adapt to crisisThe Coronavirus outbreak is providing challenges for Chinese authorities that may also be opportunities for biometrics companies like SenseTime and… |
| Jan 6, 2020 | Megvii gets green light for $500 million Hong Kong IPOChinese artificial intelligence unicorn Megvii received a green light from the stock exchange for $500 million Hong Kong IPO, Reuters… |
| Nov 25, 2019 | Major biometrics IPO delayed as committee requests more info from MegviiRegulators in Hong Kong have asked Megvii for more information on its planned initial public offering (IPO), in what Reuters… |
| Nov 19, 2019 | Megvii advances approval request for blockbuster biometric IPO in Hong KongDespite being placed on the U.S. government blacklist for its biometric facial recognition platform Face++, alongside other Chinese technology developers… |
| Nov 7, 2019 | Idex restructures and Megvii denies IPO delay as biometrics industry grapples with broad market shiftsA major shift in the fingerprint sensor market has motivated Idex Biometrics to restructure its business, while a major shift… |
| Oct 17, 2019 | Megvii pushes ahead with IPO plans as biometrics market grapples with ban falloutThe potential blockbuster initial public offering of biometric facial recognition unicorn Megvii is still being planned for early November, despite… |
| Oct 15, 2019 | Taiwan to investigate biometrics company Megvii following U.S. blacklistingAfter Chinese biometrics company Megvii was blacklisted by the U.S. government last week, Taiwan Economics Minister Sheng Jong-chin announced at… |
| Oct 9, 2019 | Goldman Sachs reconsiders support of Megvii IPO, MIT reevaluates SenseTime linkMegvii IPO sponsor Goldman Sachs Group has decided to reconsider its role in the biometrics unicorn’s initial public offering, after… |
| Oct 8, 2019 | U.S. drops Entity List hammer on Chinese facial recognition unicorns and biometrics providersThe U.S. Government has added 28 organizations to its Entity List, banning major biometrics companies including Dahua, Hikvision, iFlytek, Megvii,… |
