Chinese AI startup Face++ in talks to raise $500 mn: Report

Chinese AI-based facial recognition startup Face++ is in talks to raise $500 million in funding at a $3.5-billion valuation, according to a report. Bank of China Group Investment is reportedly looking to lead the round with $200 million. Founded in 2011 by Qi Yin, Tang Wenbin and Yang Mu, Face++ provides facial recognition and AI technology to businesses.

This short was originally published on Inshorts, based on an article in Reuters.

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