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MEGVII company logo
Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
megvii.com

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Founded Year

2011

Stage

Series D - II | Alive

Total Raised

$1.358B

Valuation

$0000 

Last Raised

$750M | 2 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About MEGVII

MEGVII, an AI company based in China, develops Face++, a computer vision technologies platform that enables applications to read and understand the world better. Face++ allows users to easily add deep learning-based image analysis recognition technologies into applications, with simple APIs and SDKs.

MEGVII Headquarter Location

3rd Floor, Building A, Rong Ke Zi Xun Center Ke Xue Yuan Road South No.2, Haidian District

Beijing, Beijing,

China

Latest MEGVII News

Megvii Driver Fails to Extort 3 Million Yuan from Firm’s Chairman by Threatening to Sell Sensitive Recordings

Oct 8, 2021

(Source: VCG) Hu Zijian, a former driver for Megvii Technology, threatened to sell recordings with sensitive information about the company to competitors in February, demanding 3 million yuan ($465,224) from Yin Qi , chairman of the company’s board of directors. After Yin filed a lawsuit, the court sentenced Hu to four years in prison and fined him 10,000 yuan. Megvii Technology was founded in 2011 by Yin Qi, Tang Wenbin and Yang Mu – all from the Computer Science Experimental Class at Tsinghua University. The company has obtained multiple sources of financing, including Alibaba, Sunshine Insurance, Ant Group, Foxconn and others, with a cumulative financing amount exceeding $1.1 billion. Megvii Technology focuses on the commercialization of artificial intelligence technology with the internet of things as the carrier. On September 9, 2021, the Science and Technology Innovation Board Listing Committee of Shanghai Stock Exchange reviewed and approved the listing application of Megvii Technology . The company’s prospectus showed that it is expected to raise 6.018 billion yuan. From 2018 to 2020, its net losses were 2.80 billion yuan, 6.639 billion yuan and 3.327 billion yuan, respectively. In the first half of 2021, net losses reached 1.865 billion yuan. In terms of equity holding, the company’s three founders hold 16.83% in total. Among other shareholders, API (Hong Kong) Investment Limited, wholly owned by Ant Group, holds 15.08%, while Taobao China, wholly owned by Alibaba Group, holds 14.33%.

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing MEGVII

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MEGVII is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

865 items

A

AI 100 2018

99 items

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

A

AI 100 2019

100 items

A

Artificial Intelligence

7,895 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

I

In-Store Retail Tech

34 items

Companies driving more efficient payment and checkout for retailers and shoppers.

MEGVII Patents

MEGVII has filed 74 patents.

The 3 most popular patent topics include:

  • Energy conversion
  • Electromagnetic radiation
  • Photovoltaics
patents chart

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5/16/2017

6/8/2021

Disability sport classifications, 3D imaging, Computer vision, Machine learning, Applications of computer vision

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Disability sport classifications, 3D imaging, Computer vision, Machine learning, Applications of computer vision

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Status

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MEGVII Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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MEGVII Rank

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