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§ Private Profile · Beijing, China
MEGVII is a technology company.
MEGVII has raised $897.0M across 4 funding rounds.
Key people at MEGVII.
MEGVII has raised $897.0M across 4 funding rounds. Most recently, it raised $750.0M Series D in May 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 8, 2019 | $750M Series D | — | ABU Dhabi Investment Authority, Bank OF China Group Investment, Icbc Asset Management, Andrew Downe | Announced |
| Dec 1, 2016 | $100M Series C | — | Qiming Venture Partners | Announced |
| May 14, 2015 | $25M Series B Plus | — | Innovation Works, Qiming Venture Partners | Announced |
| Nov 14, 2014 | $22M Series B | Innovation Works, Qiming Venture Partners | — | Announced |
MEGVII was founded in 2011 by Wenbin Tang (Co-Founder and CTO) and Yang Mu (Co-Founder and VP of Engineering) and Qi Yin (Co-founder & CEO).
MEGVII has raised $897.0M in total across 4 funding rounds.
MEGVII is a technology company that provides integrated AIoT solutions for consumer, urban, and enterprise IoT applications, enhancing industry intelligence and commercializing AI.
Key people at MEGVII.
MEGVII was founded in 2011 by Wenbin Tang (Co-Founder and CTO) and Yang Mu (Co-Founder and VP of Engineering) and Qi Yin (Co-founder & CEO).
MEGVII has raised $897.0M in total across 4 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]
