The Beijing News, 3/15/17
Shenzhen-based intelligent video analytics software developer Yuntian Lifei Technology, which operates under the Intellifusion brand, recently announced completion of USD 8-digit Series A funding from investors including Shanshui Congrong Media Investment, Green Pine Capital Partners, state-owned investment firm Shenzhen Investment Holdings, TopoScend Capital, and Hongxiu Yingxin Chengzhang Yihao Corporate Management.
Intellifusion mainly produces an artificial intelligence chip to perform visual recognition and big data analysis.
The company's smart vision systems offer functions including real-time notification upon identification of a target individual, accuracy within a certain number of seconds for identifying a target individual from among hundreds of thousands of people captured in video feeds, and smart route prediction. Intellifusion has set up a police-grade dynamic facial recognition system in Shenzhen to support investigations by government public security departments and help find lost children. Intellifusion is active in more than 10 provinces within China and also serves customers in Malaysia.
Chen Ning, founder of Intellifusion Technology, said that as of the end of 2016 the company had provided computer vision chips and smart solutions for more than 1,000 businesses in industries including public security, smart commerce, unmanned autonomous vehicles, robotics, and smart manufacturing. Order volume reached more than RMB 100 mln during the company's first year, and sales are expected to exceed RMB 1 bln in 2017.
Intellifusion, established in late 2014, previously completed angel funding from ZhenFund in May 2015.
Keywords: Yuntian Lifei Intellifusion funding chipmaker artificial intelligence Shenzhen Investment Holdings Hongxiu Yingxin Chengzhang Yihao VC Chen Ning Series A Green Pine big data facial recognition TopoScend Shanshui Congrong