IPOs

AI Specialist Megvii Raises $750 Million in Latest Funding Round

AI Specialist Megvii Raises $750 Million in Latest Funding Round

Hong Kong-based AI specialist Megvii has raised $750 million through its latest funding round, the company has announced. The news comes after Megvii raised $600 million in an investment round last year, and amid speculation that the company is planning an IPO. It’s now valued at a little over $4 billion. The announcement also comes…