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Ant Financial Leads Series D Funding of 3D Motion Sensing Firm Orbbec, 5/21/18

Shenzhen-based 3D motion sensing products developer and manufacturer Orbbec Technology recently announced completion of USD 200 mln in Series D funding led by Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial, with participation by prior-round investors SAIF Partners, Green Pine Capital Partners, Sirius Capital, and R-Z Capital.

Orbbec, established in January 2013, is a 3D sensing technology enterprise combining research, production, and sales operations. Its 3D sensing systems are currently used across a number of different scenarios, including unmanned retail, AI-based smart living rooms, smart robots, smart home, and smart security. The company's 3D sensors have been used in development projects by more than 2,000 companies worldwide.

Orbbec mainly focuses on 3D depth camera hardware development and uses a structured light approach similar to that used in the iPhone X. Orbbec began developing 3D structured light mobile camera solutions in 2015, and in 2017 released a pre-installed 3D facial recognition structured light camera module solution for smartphones, called the Astra P.

Keywords: Orbbec M&A hardware funding Series D Alibaba Group BABA facial recognition Ant Financial Group SAIF R-Z Capital VC artificial intelligence robot


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