Face recognition startup Megvii raises $460m led by Chinese state fund, Ant Financial, Foxconn

Face recognition startup Megvii raises $460m led by Chinese state fund, Ant Financial, Foxconn

Chinese Yuan notes. Photo: Reuters

China’s biggest facial recognition firm Megvii, more commonly known as Face++, has raised $460 million in a fresh round of financing, drawing investment from a Chinese state fund, Ant Financial and Foxconn Technology, a source with direct knowledge of the fundraising told Reuters.

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