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Megvii

Megvii

A company developing a data management platform, deep learning framework, and a deep learning algorithm.

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.

Funding
Series A

On June 18, 2013 Megvii completed their series A funding round with an undisclosed amount of funding from Sinovation Ventures and Comet Labs.

Series B

On August 1, 2015 Megvii completed their series B funding round with $25 million in funding from undisclosed investors.

Series C

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.

Series D

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.

Timeline

May 8, 2019
Series D

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.

May 8, 2019
Megvii raises a $750,000,000 series D round from Abu Dhabi Investment Authority, Alibaba Group, Bank of China, ICBC International and Macquarie Group.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Web

News

Title
Author
Date
Publisher
Description
Tate Ryan-Mosley
March 5, 2021
MIT Technology Review
Computers are ranking the way people look--and the results are influencing the things we do, the posts we see, and the way we think.
Rita Liao
January 13, 2021
TechCrunch
Megvii, one of China's largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. The move came more than a year after Megvii, known for [...]
BBC News
December 16, 2020
BBC News
The former editor-in-chief of the Danish Broadcasting Corporation had worked there for six months.
Scott Murdoch
January 6, 2020
U.S.
Chinese artificial intelligence (AI) company Megvii's plans for a $500 million Hong Kong initial public offering (IPO) are back on track after its application was cleared by the city's stock exchange, two sources with direct knowledge of the matter said.
Chris Udemans
December 4, 2019
TechNode
Potential investors are worried about buying shares in Megvii after the US placed the company on a trade blacklist.
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References

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