Megvii

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…

Megvii Exonerated by Human Rights Watch in Biometrics Controversy

Megvii Exonerated by Human Rights Watch in Biometrics Controversy

“Based out of Hong Kong, Megvii is the developer of the Face++ facial recognition platform, and has emerged as one of the industry’s biggest unicorns in the past few years.” Megvii has been exonerated in an investigation into human rights violations in China. The New York-based Human Rights Watch previously uncovered Megvii code in a…

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…

BRIEF: Mobile Biometrics at a Turning Point

BRIEF: Mobile Biometrics at a Turning Point

Just a few years ago, biometric authentication was something of a novelty for consumers. Now, it’s in more consumer tech products than ever, and its upwards trajectory remains solidly in place – particularly in the mobile sector. Nevertheless, mobile biometrics tech is also at a turning point, with conventional fingerprint scanning starting to look just…

Megvii Claims OPPO Device’s Face Biometrics Surpass Face ID

Megvii Claims OPPO Device’s Face Biometrics Surpass Face ID

“Megvii added that its technology can perform facial recognition in 0.1 seconds and digital face reconstruction in 0.3 seconds, and that it offers a 0.0001 percent false recognition rate, pointing to a high level of accuracy.” A new OPPO smartphone is bringing 3D facial recognition to Android, with a big boost from facial modelling specialist…

Vivo, Megvii Team Up On 3D Face Scanning

Vivo, Megvii Team Up On 3D Face Scanning

Vivo is now working with a facial recognition specialist on 3D face and head modelling technology. The partnership was detailed at last week’s Mobile World Congress Shanghai event, where both companies showed off technology allowing attendees to have their heads scanned and then built into a physical 3D model they could hold in their hands.…