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YITU Technology
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YITU Technology Biometrics News
Facial recognition unicorn gallops back to Hong Kong for prospective IPO
Yitu has set its sights on Hong Kong for an IPO, after its attempt to list in Shanghai followed an increasingly…
| Jun 21, 2021 | Not smarting from US sanctions, SenseTime says its IPO is on againFace biometrics giant SenseTime is again pushing forward with a planned IPO. Expected to raise as much as $2 billion… |
| Jun 14, 2021 | Ipsidy rebrands to reflect biometric authentication focus, prepares for uplistIpsidy is now known as authID.ai in a rebrand amid a flurry of organizational moves by the biometric authentication provider…. |
| Mar 31, 2021 | China’s controversial face biometrics standards co-authored by Dahua, Hikvision, Yitu: IPVMLeading Chinese biometrics and security camera providers helped to craft standards for ethnicity-based identification, according to an IPVM report detailing… |
| Mar 12, 2021 | Face biometrics giant Megvii approved for $925M IPO on Shanghai Star exchangeMegvii is the latest biometrics unicorn from China to move towards an IPO, with the Shanghai Stock Exchange accepting the… |
| Nov 5, 2020 | Huge revenue jumps and beaten expectations show biometrics market strengthYitu may be the next big stock offering in biometrics, in the biggest of several positive items for publicly traded… |
| Sep 17, 2020 | Yitu files application for major face biometrics IPO in ChinaYitu Technology is the latest facial biometrics unicorn based in China to apply for an initial public offering on a domestic… |
| Aug 26, 2020 | Deep Glint and VisionLabs lead latest NIST biometric facial verification reportSteady improvement in facial biometric verification accuracy is shown by the new Face Recognition Vendor Test (FRVT) 1:1 Verification track… |
| 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… |
| Jan 3, 2020 | Yitu wins Shanghai government contract and considers IPO on city’s new exchangeYitu Technology has reached a deal with municipal authorities in Shanghai as part of a campaign to increase artificial intelligence… |
| Nov 5, 2019 | Yitu to develop national open AI platform for computer vision under new CTOYitu participated in the 17th International Conference on Computer Vision (ICCV 2019) in Seoul, Korea, with its new CTO and… |
| 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,… |
| Sep 20, 2019 | ID4D initiatives and TSA trials top this week’s biometrics and digital ID newsFor the second consecutive week, Nigeria and airport biometrics made headlines on Biometric Update, though for different reasons. Several of… |
| Sep 13, 2019 | Yitu and VisionLabs impress in latest NIST facial recognition test resultsThe latest results from the National Institute of Science and Technology’s (NIST’s) Ongoing Facial Recognition Vendor Test (FRVT) for Verification… |
| May 16, 2019 | CLEAR and YITU represent biometrics industry on CNBC Disruptor 50 listA pair of biometric companies have been recognized on the CNBC Disruptor 50 list of private companies changing the world… |
| Mar 6, 2019 | Little overlap between NIST facial recognition testing leaders and U.S. government providersWired is asking “Why Chinese Companies Plug a U.S. Test for Facial Recognition” in an article highlighting the placement of… |
| Feb 18, 2019 | Face biometrics startups lead AI sector in attracting major investmentFacial recognition companies are leaders among the ranks of artificial intelligence startups attracting major investments, with SenseTime totaling $1.63 billion… |
| Jan 31, 2019 | YITU opens AI research and development center in SingaporeYITU Technology today announced the launch of the YITU Singapore Research & Development Center. This is the company’s first R&D… |
| Dec 11, 2018 | YITU develops highly accurate Mandarin speech recognition systemYITU Technology has developed a Mandarin speech recognition system it says provides an unprecedented degree of accuracy, leveraging its artificial… |
| Dec 4, 2018 | Facial recognition 20 times more accurate with advances in convolutional neural networks, NIST findsFacial recognition algorithms can identify matches with error rates as low as 0.2 percent given good quality photos, 20 times… |
