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MEGVII is a technology company.
MEGVII is a technology company that provides integrated AIoT solutions for consumer, urban, and enterprise IoT applications, enhancing industry intelligence and commercializing AI.
MEGVII has raised $919.0M across 5 funding rounds.
Key people at MEGVII.
MEGVII was founded in 2011 by Wenbin Tang (Co-Founder and CTO) and Qi Yin (Co-founder & CEO) and Yang Mu (Co-Founder and VP of Engineering).
MEGVII has raised $919.0M in total across 5 funding rounds.
MEGVII was founded in 2011 by Wenbin Tang (Co-Founder and CTO) and Qi Yin (Co-founder & CEO) and Yang Mu (Co-Founder and VP of Engineering).
MEGVII has raised $919.0M in total across 5 funding rounds.
MEGVII's investors include Abu Dhabi Investment Authority, Bank of China Group Investment, ICBC Asset Management, Andrew Downe, Qiming Venture Partners, Innovation Works.
MEGVII is a Beijing-based AI company specializing in deep learning and computer vision, developing full-stack solutions including algorithms, software, and AIoT devices for IoT scenarios.[1][2][3] It builds products like the Brain++ AI productivity platform, MegEngine deep learning framework, Face++ developer tools, and hardware such as intelligent cameras, face recognition terminals, and AIoT computers, serving smartphone brands, cities, enterprises in finance, logistics, and retail.[2][3][4] MEGVII solves problems in security, computational photography, urban management, public safety, traffic optimization, and supply chain efficiency through real-time facial recognition, visual data analysis, and digital transformation tools, with strong growth shown by deployments in hundreds of cities across over a dozen countries and integration into over 50 phone models.[1][2][3]
The company leads in three core verticals: Personal IoT (e.g., face unlock and photography on mobiles), City IoT (urban safety and resource planning), and Enterprise IoT (factory/warehouse digitization).[1][2][3] With over 2,300 employees and R&D centers in Beijing, Shanghai, Nanjing, and Chengdu, MEGVII has won 49 international AI competition titles, including three consecutive COCO Challenges, underscoring its technical momentum.[2]
Founded around 2011 in Beijing, MEGVII emerged from pioneering work in computer vision and deep learning, quickly establishing the world's largest computer vision research institute.[2] Key founders include Tang Wenbin, Yin Guoxin, and Dai Yu, who leveraged academic expertise to commercialize AI, starting with facial recognition tech amid China's rising smart city push.[2][5] Early traction came from 2015 City IoT deployments and smartphone integrations, evolving from algorithm research to full AIoT ecosystems with Brain++ launched as a proprietary platform for efficient model training.[1][2][3] Pivotal moments include 2017-2019 MIT Technology Review's "50 Smartest Companies" listings and open-sourcing MegEngine in 2020, accelerating global adoption.[2][3]
MEGVII rides the AIoT wave, fusing AI vision with IoT for smart cities, digital supply chains, and consumer devices amid global urbanization and Industry 4.0 shifts.[1][2][4] Timing aligns with China's smart city boom (deployed since 2015 in hundreds of cities) and rising demand for contactless tech post-pandemic, plus 5G/edge computing enabling real-time analysis.[2][3] Market forces like government public safety investments and enterprise digitization favor its strengths, positioning it as a pioneer in commercializing vision AI beyond labs.[1][5] It influences the ecosystem by open-sourcing tools like MegEngine, powering developer ecosystems (Face++), and setting benchmarks in competitions, while advocating responsible AI governance.[2]
MEGVII's trajectory points to deeper AIoT expansion, with MegCompute scaling for exabyte data and Pangu-like products targeting global enterprise digital twins.[4] Trends like multimodal AI, edge inference, and sustainable urban tech will shape it, potentially growing via international partnerships beyond China despite geopolitical hurdles. Its influence may evolve from China-centric leader to global AIoT standard-setter, amplifying impact as IoT devices proliferate—reinforcing its role as a world-class deep learning pioneer powering safer, smarter industries.[2]
Key people at MEGVII.
MEGVII has raised $919.0M across 5 funding rounds. Most recently, it raised $750.0M Series D in May 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 8, 2019 | $750.0M Series D | Abu Dhabi Investment Authority, Bank of China Group Investment, ICBC Asset Management, Andrew Downe | |
| Dec 1, 2016 | $100.0M Series C | Qiming Venture Partners | |
| May 14, 2015 | $25.0M Series B Extension | Innovation Works, Qiming Venture Partners | |
| Nov 14, 2014 | $22.0M Series B | Innovation Works, Qiming Venture Partners | |
| Jun 1, 2014 | $22.0M Series B | Qiming Venture Partners |