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[NetEase smart news January 18 news] Yesterday, a domestic media "Kailuan" (public number: hlkaiba) released the news that Defiance Technology Face++ will be listed in the first quarter of 2019.
Defiance Technology Face++ was established in 2011. It focuses on the development and application of computer vision-related technologies. Currently, it is the main technology provider for face recognition, online authentication, such as Alipay, Today’s headline, Didi, and Vivo mobile phones.
Fearless Technology Face++ acquired Lenovo Star Angel Funding at the beginning of the venture; 2013 Million Dollar A round of investment in innovation workshop; 2015 won the B financing of $22 million from Qiming Venture Capital and Innovation Workshop; International, Foxconn Group's new round of financing.
At the end of October 2017, Contempt Technology Face++ announced the completion of a US$460 million Series C round of financing. This round of financing was led by the China State Capital Venture Capital Fund (referred to as “Guofeng Investmentâ€), and Ant Financial and Foxconn Group jointly led the investment. This round of financing consists of two rounds of C1 and C2. At the same time, it includes new important investors including China-Russia Strategic Investment Fund, Sunshine Insurance Group, and SK Group. Tenda Capital is the exclusive financial advisor for this round of financing.
According to the "Kailuan" news, the company's current valuation has reached 1.46 billion U.S. dollars. The company's revenue in 2017 will reach US$90 million and it will be profitable. It is estimated that in 2018, it will receive revenues of US$265 million and gain more than US$50 million in profits. It is expected that the revenue in 2019 will reach US$500 million and profits of more than US$100 million will be realized.
The news also revealed that the four major sections that currently disdain for technology revenue come from four areas: smart security, FaceID, Face++, and smart real estate. The proportion of smart security revenue has increased from 17% last year to 44%, and will exceed 50% in the future. The main paying customer in the security field is the government. FaceID accounted for 35% of revenue, Face++ accounted for 5-10% of revenue, and smart real estate accounted for 5-10% of revenue. (Yike)
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