A company developing a data management platform, deep learning framework, and a deep learning algorithm that is headquartered in Beijing, China. the company is developing an IoT software platform powered by artificial intelligence, an artificially intelligent city management operating system, a robot network operating system.
On August 1, 2015 Megvii completed their series B funding round with $25 million in funding from undisclosed investors.
On November 1, 2017 Megvii completed their series C funding round with $460 million in funding from Foxconn Technology Group (lead investor), Ant Financial (lead investor), Sunshine Insurance Group, SK Group, Russia-China Investment Fund, and China Reform Holdings Corporation.
On May 8, 2019 Megvii raised $750 million in a Series D funding round. Participants in Series D include Bank of China Group Investment Limited, ICBC Asset Management (Global), Abu Dhabi Investment Authority and Macquarie Group.