Megvii’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Megvii develops an AI-based facial-recognition platform that provides real-name authentication solutions for the banking and insurance sectors. Read more

Megvii develops an AI-based facial-recognition platform that provides real-name authentication solutions for the banking and insurance sectors. Read more

Yin Qi's photo - Co-Founder & CEO of Megvii

Co-Founder & CEO

Yin Qi

CEO Approval Rating

87/100

Founded:

2011

Status:

TOP COMPETITORS OR ALTERNATIVES

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Cognitec is the top competitor of Megvii. Cognitec was founded in 2002, and its headquarters is in Dresden, Saxony. Like Megvii, Cognitec also operates in the Identity Management field. Cognitec has 2,225 fewer employees than Megvii.

SenseTime is seen as one of Megvii's top competitors. SenseTime was founded in Haidian, Beijing Municipality} in 2014. Like Megvii, SenseTime also works within the Application Software field. Compared to Megvii, SenseTime generates $712M more revenue.

Kairos is Megvii's #3 rival. Kairos's headquarters is in Miami, Florida, and was founded in 2010. Like Megvii, Kairos also operates in the Application Software sector. Kairos generates 68% of Megvii's revenue.

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Growth Score - 1/1

Is $8M a good estimate for Megvii's revenue?

Acquisitions

No recent acquisitions found related to Megvii

Megvii Funding History

$120M$580M$1.3B

Since Megvii was founded in 2011, it has participated in 4 rounds of funding. In total Megvii has raised $1.3B. Megvii's last funding round was on May 2019 for a total of $750.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series D
May 2019
$750M
Series C
Oct 2017
$460M
Equity
Dec 2016
$100M

Foxconn Technology Group

Series C
Oct 2016
$20M
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Total Funding: $1.3B

Since Megvii was founded in 2011, it has participated in 4 rounds of funding. In total Megvii has raised $1.3B. Megvii's last funding round was on May 2019 for a total of $750.0M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Huilian Unlimited designs, constructs and maintains IoT based low-power WAN that includes temperature sensor, smoke alarm and infrared detectors.
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Oct 17, 2019
Series C
-

Megvii News

May 19, 2020Biometric Update

Megvii partners with ARB to explore biometrics and IoT tech in Malaysia

Malaysian software development company ARB has partnered with Megvii to dive into AI biometric facial... See more »
May 17, 2020The Sun Daily

ARB, Megvii sign partnership agreement

PETALING JAYA: ARB Bhd has inked a strategic business partnership with Beijing Kuangshi Technology Co... See more »
May 13, 2020EqualOcean

There Is No Unbreachable Moat around Megvii - or, Not Yet Part 1

Unlocking the secrets behind the company blacklisted by the US, and how it competes with Google, Face... See more »
April 23, 2020Finews Asia

Blacklisted Unicorn Mulls Offshore IPO Retreat

China's Megvii Technology - a leading developer of facial recognition tech and suspected human rights... See more »
April 22, 2020South China Morning Post

China's Megvii looks to a more favourable reception and deep pockets in its home market as an option to bankroll its growth

China's Megvii Technology, one of the world's foremost developers of facial-recognition technology, i... See more »
April 19, 2020FinanzNachrichten

Megvii deploys AI-enabled temperature screening solution to protect essential personnel and communities during COVID-19

BEIJING, April 20, 2020 /PRNewswire/ -- Megvii Technology Limited, a world-class AI company, has depl... See more »

Megvii Press Releases

January 10, 2019StreetInsider

Megvii makes debut at CES, showcases cutting-edge application scenarios

Megvii makes debut at CES, showcases cutting-edge application scenarios... See more »
July 18, 2018StreetInsider

Bellus3D Announces Strategic Cooperation with Megvii, Inc. (Face++)

Bellus3D, Inc. a Silicon Valley pioneer in 3D scanning for mobile devices, announced today that it ha... See more »
July 5, 2018streetinsider

Megvii Provides 3D Structured Light Facial Recognition Solution for OPPO Find X

PARIS, July 05, 2018 (GLOBE NEWSWIRE) -- The flagship new smartphone OPPO Find X, the latest model of... See more »

Headquarters

No. 2 Kexueyuan South Road 3rd Floor, Raycom Info Tech Tower A

Beijing, Beijing Municipality100000

86-400-6700-866

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Summary

ABOUT

Overview

Megvii develops an AI-based facial-recognition platform that provides real-name authentication solutions for the banking and insurance sectors. Megvii was founded in 2011. Megvii's headquarters is located in Beijing, Beijing Municipality, CN 100000. I...

CEO

Megvii's Co-Founder & CEO, Yin Qi, currently has an approval rating of 87%. Megvii's primary competitors are Cognitec, SenseTime & Kairos.

Website

megvii.com

Frequently Asked Questions about Megvii

  1. When was Megvii founded?

    Megvii was founded in 2011
  2. Who is Megvii's CEO?

    Megvii's CEO is Yin Qi
  3. How much revenue does Megvii generate?

    Megvii generates $8M in revenue
  4. How much funding does Megvii have?

    Megvii has historically raised $1.3B in funding
  5. Where is Megvii's headquarters?

    Megvii's headquarters is in Beijing Beijing Municipality, CN
  1. How many employees does Megvii have?

    Megvii has 2,300 employees
  2. What sector does Megvii operate in?

    Megvii is in Application Software, Identity Management, Artificial Intelligence (AI)
  3. Who are Megvii's competitors?

    Megvii's top competitors are Cognitec, SenseTime, Kairos
  4. Who has Megvii invested in?

    Megvii's has invested in companies such as Wuhan Huilian