IPOs

Megvii Aiming for Q4 IPO: Reports

Megvii Aiming for Q4 IPO: Reports

Amid political turmoil and controversy over biometric facial recognition, Hong Kong-based Megvii has filed for an IPO aimed at a $500 million target. Citing anonymous sources, Reuters reports that Megvii’s leadership expect the IPO to occur in the fourth quarter of this year, and anticipate that it could raise as much as $1 billion, which…

Ipsidy Scores $3.1 Million in Latest Funding Round, Prepares for Uplisting

Ipsidy Scores $3.1 Million in Latest Funding Round, Prepares for Uplisting

“We appreciate the continued support of our existing investors and are delighted to welcome new investors who share our vision. We are starting the process of preparing the Company for an uplisting to a national exchange in due course, which we believe will be in the best interests of the Company and stockholders.” – Philip…

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…