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MEGVII Rethinking its IPO Plan This Year
MEGVII Rethinking its IPO Plan This Year
Associated Company
Megvii Megvii

MEGVII, China's AI unicorn specializing in facial recognition, is reconsidering its plan to go public this year, according to bankers and investors, because of the 'dismay' regarding AI stocks and the US-China trade tensions, as FT released. MEGVII denied comments. 

The company focuses on facial recognition, with its distinguished detective and cognitive service brand face++. This technology highly advances smart security and smart city areas. On May 23, MEGVII announced, as a reply to the rumor of some surveillance companies being listed in US entity list, that no official notice received,  

Earlier this year, MEGVII closed series D financing of USD 750 million, pushing its valuation to slightly over USD 4 billion. At the time, the company planned for an IPO in Hongkong later this year, targeting additional funding of USD 1 billion. So far, it has raised several rounds of funding of about USD 1.4 billion.

Enterprise Information

Megvii Technology operates a face detection, recognition, and analysis platform for Websites, mobile applications, and smart televisions.
CATEGORIES: AI
Last Funding Type
Series D
Number of Employees
2000+
Number of Funding Rounds
6
Total Funding Amount
1.18B

Enterprise Information

Megvii
Megvii Technology operates a face detection, recognition, and analysis platform for Websites, mobile applications, and smart televisions.
CATEGORIES: AI
Last Funding Type
Series D
Number of Employees
2000+
Number of Funding Rounds
6
Total Funding Amount
1.18B

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