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China's AI start-up Megvii raising $500 million at $3.5 billion valuation: sources

China's AI start-up Megvii raising $500 million at $3.5 billion valuation: sources

Postby smix » Tue Dec 11, 2018 3:11 am

China's AI start-up Megvii raising $500 million at $3.5 billion valuation: sources
Reuters

URL: https://www.reuters.com/article/us-megv ... SKBN1O90AV
Category: technologyNews
Published: Sun, 09 Dec 2018 23:53:36 -0500

Description: Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.
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