According to Bloomberg News quoted sources as saying that China's facial recognition technology developers Megvii (Megvii) has received at least 100 million US dollars of financing, its investors, including Foxconn and CCB International.
Sources said the technology is still open and other investors to discuss in order to obtain more funds. At the same time, Kuang technology confirmed that it is financing, but declined to disclose the specific amount. The company plans to work with investors to improve facial recognition technology, especially in the financial sector, smart city and robotics, e-mailing said.
Kuang technology as Alibaba's ant gold service to provide facial scanning system. It is reported that the ants gold service group and related services, including life service platform Alipay, intelligent financial platform ant treasure, cloud computing service platform ant financial cloud, an independent third party credit evaluation system sesame credit and online banking and so on.
Now, in addition to Alibaba, social networking Facebook, Google and Baidu and other Internet companies are embracing biometrics and artificial intelligence, they hope to improve security through these technologies and ease of electronic commerce transactions.
Kuang technology has attracted Qiming venture and innovation workshop investment. The company is working with ants to create a system that allows users to scan their faces through the network to set up their own bank account, but this has yet to be approved by the relevant Chinese institutions.
Sources said that the latest round of financing also includes the Kuang technology investors.
Ant golden suit refused to comment on this, CCB International also declined to comment, and Foxconn has not responded to the request for comment.
Kuang technology Face + + system can use the Ministry of Public Security database stored in the photo for facial feature comparison. Kuang technology CEO Yin Qi said that as users and businesses can not see the Ministry of Public Security of the database, so there is no privacy leaks.