|Founded||2011 in Beijing, China|
|Total equity||USD $4 billion (2019)|
Number of employees
Megvii is a Chinese technology company that designs image recognition and deep-learning software. Based in Beijing, the company develops artificial intelligence (AI) technology for businesses and for the public sector. In 2019, the company was valued at USD $4 billion. Megvii is the largest provider of third-party authentication software in the world, and its product, Face++, is the world’s largest open-source computer vision platform.
The company was founded in Beijing with Megvii standing for "mega vision." The company's core product, Face++, launched in 2012 as the first online facial recognition platform in China. In 2015 Megvii created Brain++, a deep-learning engine to help train its algorithms.
In 2017, Megvii marketed authentication and computational photography functions to smart phone companies and mobile application developers, then smart logistics. Megvii’s AI-empowered products include personal IoT, city IoT and supply chain IoT. In 2017 and 2018, Megvii beat Google, Facebook, and Microsoft in tests of image recognition at the International Conference on Computer Vision.
In May 2019, the Human Rights Watch reported finding Face++ code in the Integrated Joint Operations Platform (IJOP), a police surveillance app used to collect data on the Uyghur community in Xinjiang. Shortly after the report, the Trump administration reportedly considered adding Megvii to a blacklist of banned Chinese entities. Human Rights Watch released a correction to its report in June 2019 stating that Megvii did not appear to have collaborated on IJOP, and that the Face++ code in the app was inoperable.
In June 2019, Megvii had 2,349 employees, and was valued at over $4 billion, as the "world’s biggest provider of third-party authentication software", with 339 corporate clients in 112 cities in China. The Chinese government employs Megvii software.
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