
Megvii
Founded Year
2011Stage
Series E | AliveTotal Raised
$1.358BMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-41 points in the past 30 days
About Megvii
MEGVII is an AI company focused on deep learning and artificial intelligence technologies. The company provides AIoT solutions that integrate algorithms, software, hardware, and devices powered by AI for various sectors. It was founded in 2011 and is based in Haidian District, China.
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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.
Unicorns- Billion Dollar Startups
1,270 items
AI 100
199 items
Winners of CB Insights' annual AI 100, a list of the 100 most promising AI startups in the world.
Market Research & Consumer Insights
734 items
This collection is comprised of companies using tech to better identify emerging trends and improve product development. It also includes companies helping brands and retailers conduct market research to learn about target shoppers, like their preferences, habits, and behaviors.
Artificial Intelligence
10,027 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Store tech (In-store retail tech)
34 items
Companies driving more efficient payment and checkout for retailers and shoppers.
Sales & Customer Service Tech
919 items
Companies offering technology-driven solutions for brands and retailers to enable customer service before, during, and after in-store and online shopping.
Megvii Patents
Megvii has filed 89 patents.
The 3 most popular patent topics include:
- computer storage media
- rotating disc computer storage media
- video game storage media

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
1/25/2017 | 4/23/2024 | Dosage forms, Spectroscopy, Electromagnetic radiation, Drug delivery devices, Energy conversion | Grant |
Application Date | 1/25/2017 |
---|---|
Grant Date | 4/23/2024 |
Title | |
Related Topics | Dosage forms, Spectroscopy, Electromagnetic radiation, Drug delivery devices, Energy conversion |
Status | Grant |
Latest Megvii News
Mar 23, 2025
China says facial recognition should not be forced on individuals Cyberspace regulator weighs in. China's cyberspace regulator has published regulations governing the use of facial recognition technology, separately stating that individuals should not be forced to verify their identity using such technology. China is at the forefront of facial recognition technology, which is deployed by all levels of its public security apparatus to track down criminals, as well as monitor dissenters, petitioners and ethnic minorities. The new rules do not mention security authorities' use of facial recognition technology. The Cyberspace Administration of China (CAC) said the regulations were published in response to growing concerns within society about the risks the widespread use of facial recognition technology posed to data privacy. "Individuals who do not agree to identity verification through facial information should be provided with other reasonable and convenient options," CAC said on its website. It specified that the regulations were aimed at curbing increasingly common practices such as using facial recognition technology for hotel check-ins or to enter a gated community. The regulations, approved by China's Ministry of Public Security and due to take effect in June, emphasise the need for companies collecting data from facial recognition cameras to ensure they only process an individual's facial data after obtaining their consent. The regulations did not specify how this would apply in public spaces but noted that signs should be on display wherever facial recognition technology is deployed, a practice already widespread in Chinese cities. Home-grown companies like Sensetime and Megvii invest tens of millions of dollars every year researching and developing the latest AI-driven visual imaging technologies that are fuelling increasingly sophisticated facial recognition software. The spread of facial recognition technology into everyday life in China has led to an increase in societal anxiety about privacy in recent years. A survey conducted in 2021 by a think tank affiliated with state-run media outlet The Beijing News found that 75 percent of respondents were concerned about facial recognition and 87 percent opposed the use of the technology in public places of business. In July 2021, China's Supreme Court banned use of the technology to verify identities in public places like shopping malls and hotels, and allowed for residents to request alternative methods of verification to enter their neighbourhood. In November that year, the Personal Information Protection Law took effect, mandating user consent for the collection of facial data and imposing heavy fines on non-compliant companies.
Megvii Frequently Asked Questions (FAQ)
When was Megvii founded?
Megvii was founded in 2011.
Where is Megvii's headquarters?
Megvii's headquarters is located at No. 27, Jiancaichengzhong Road, Haidian District.
What is Megvii's latest funding round?
Megvii's latest funding round is Series E.
How much did Megvii raise?
Megvii raised a total of $1.358B.
Who are the investors of Megvii?
Investors of Megvii include Ant Group, Chongqing Yufu High-Quality Industry Fund of Funds Private Equity Investment Fund Management, Legend Holdings, Alibaba, Bank Of China Group Investment and 17 more.
Who are Megvii's competitors?
Competitors of Megvii include Orbo, Algoface, Hailo, AlpsenTek, Intellifusion and 7 more.
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Compare Megvii to Competitors

Camvi Technologies specializes in Vision AI, providing a platform for AI model development and deployment. The company offers solutions that enable the detection and recognition of individuals, vehicles, and objects from images and live video feeds, for sectors including security and access control. Camvi Technologies serves various industries by providing AI infrastructure for both cloud-based and on-premise deployments. It was founded in 2014 and is based in Palo Alto, California.

Kairos provides identity verification solutions using artificial intelligence within the technology sector. Its services include ID document verification, face liveness detection, biometric verification, and legal age checks. Its services are utilized by sectors such as financial services, online gaming, adult entertainment, and hospitality. It was founded in 2012 and is based in Miami, Florida.

Xailient specializes in computer vision AI for edge devices within the technology sector. The company offers software solutions that enable real-time monitoring and privacy-safe data collection on embedded systems, while maintaining low power consumption for cost-effective deployment. Xailient primarily serves sectors that require advanced computer vision capabilities, such as home security cameras and defense systems. It was founded in 2019 and is based in Sydney, New South Wales.

SeetaTech specializes in computer vision technology within the tech industry. The company offers solutions in big security, intelligent transportation, and industrial vision systems. It is based in Beijing, Beijing.
Aihuayingtong is a developer of image recognition solutions for B-side customers, such as face recognition, document content search, and OCR for the mobile application market. Aihuayingtong ceased its operation.
UNISINSIGHT is a company focused on video AI product development, manufacturing, and service within the technology sector. The company offers solutions that leverage cloud computing and big data to establish a smart video cloud data foundation for various domains such as government, traffic, enterprise, education, construction, airports, healthcare, finance, and community management. UNISINSIGHT primarily serves sectors such as public safety, smart city solutions, and traffic management. It was founded in 2018 and is based in Chongqing, Chongqing.
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