MEGVII

company

About

Megvii builds AI Engine, a core fundamental technology powering various AI application.

  • 1001 - 5000

Details

Last Funding Type
Series D
Industries
Artificial Intelligence,Facial Recognition,Image Recognition,Machine Learning,Mobile,Robotics,Software
Founded date
Oct 8, 2011
Number Of Employee
1001 - 5000
Operating Status
Active

Incorporated in 2011, Megvii is committed to make greatest value for customers and the whole society with extraordinary technology. Megvii is an Artificial Intelligence company specialized in providing enterprises and developers with intelligent solutions and data services, and is dedicated to the mission of “Create machines that can see and think”.

Based on its original deep learning system Brain++, Megvii seeks to build AI Engine, a core fundamental technology powering various AI application. It is leveraging on recognition, control, optimization and other algorithms to connect individuals, objects and scenarios, building a product platform of IoT OS. It is connecting standardized hardware like sensors, robots and personal devices with AI+IoT (AIoT), thus commercializing three application-oriented IoT brains on a large scale, namely, city brain, supply chain brain, and personal life brain. Megvii is building an operation system for the era of AIoT. Megvii is an AIoT solutions expert.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$1.31B
MEGVII has raised a total of $1.31B in funding over 2 rounds. Their latest funding was raised on May 8, 2019 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 8, 2019 Series D $750M 2 Detail
Jul 24, 2018 Series D 1 Detail
Nov 1, 2017 Series C $460M 2 Foxconn Technology Group Detail
Dec 31, 2016 Series C $100M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
5
MEGVII is funded by 5 investors. Foxconn Technology Group and Macquarie Group are the most recent investors.
Investor Name Lead Investor Funding Round
Foxconn Technology Group Yes Series C
Macquarie Group Series D
Abu Dhabi Investment Authority Series D
Alibaba Group Series D
China Reform Holdings Corporation Series C