Megvii, the developer of a facial recognition software called Face++, raised $460m in funding last week from a consortium led by Russia-China Investment Fund.

Russia-China Investment Fund, the private equity vehicle backed by the governments of Russia and China, led a $460m funding round last week for Megvii, a China-based facial recognition technology producer. Megvii, whose Face-plus-plus technology has been billed the world’s largest face-recognition platform by publications such as MIT Technology Review, counts among its clients Alibaba, the…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.