MEGVII

MEGVII is a world-class AI company with core competencies in deep learning. The company builds AI Engine, a core fundamental technology powering various AI application.

MEGVII is a pioneer in applying and commercialising AI technology and computer vision algorithms to Internet of Things (IoT) use cases. Its mission is to use innovative AI technology to deliver value to customers and to benefit society as a whole.

MEGVII was founded in 2011 by Yin Qi, Tang Wenbin and Yang Mu. The company has it's headquarter based in Beijing, Beijing, China, MEGVII maintains four research and development centers in China (Beijing, Shanghai, Nanjing and Chengdu).

MEGVII offers full-stack solutions to its customers, and has achieved leading positions in several key vertical markets, including personal IoT, city IoT and supply chain IoT, by leveraging its strong software-hardware integration capabilities.

MEGVII's first commercialized AI product was a face recognition solution. They developed their proprietary deep learning framework Brain++, which functions as a unified underlying architecture and provides critical support tailored for our algorithm training and model improvement processes.

 

MEGVII offers our customers with full stack solutions, leveraging our strong software-hardware integration capabilities. They have achieved leading positions in several key vertical markets, including personal, city and supply chain IoT solutions. The company is building an AI infrastructure to connect and empower various IoT devices to solve real-life problems and pain points encountered by customers in sectors including fintech, transportation, logistics and more.

 

MEGVII is backed by leading global investors including Alibaba, Ant Financial, Macquarie Group, the Bank of China, & Abu Dhabi Investment Authority among others. The company raised $750M in its most recent funding of a "Series D" round on May 8, 2019. This brings MEGVII's total funding to $1.4B to-date.

 

MEGVII was reportedly valued at over $4B during its "Series D" financing on May 8, 2019. The company has also invested in Video++, & Fresh Your Life.

 

 

  • Year founded: 2011
  • Funding Info: $1.4B in 6 Funding Rounds (Last Funding Type: Series D)
  • Yearly Revenue: $199.7
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $4B+ as of May 8, 2019
  • City/Town: Beijing
  • State: Beijing
  • Country: China
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