Artificial Intelligence Top 10 In China – 2/10
Ranking: Number 2
Company Name: Face ++
Field: Face Recognition
Funding Total: US$147 Million
Face++ is best known as the face recognition technology partner of Ant Financial, Alibaba’s financial services affiliate. Face++ powers the face scan function currently used by 150 million users of Alipay, Ant Financial’s third-party payment provider, which has 450 million users in total. Its services are also used by other major Chinese technology companies including ride sharing giant Didi Chuxing, smartphone and photo retouch app maker Meitu, computer maker Lenovo and online dating portal Jiayuan.com.
The Beijing-based company, having raised US$147 million in total venture funding, claimed in 2014 that its human face recognition success rate was 97.27%, slightly higher than Facebook’s 97.25%. There is no update on this information and the company did not respond to inquires from China Money Network to provide more details.
Operating under its five-year-old parent Megvii, Face++ provides application programming interface (API) that can detect facial appearance, age, as well as information on an ID card. Its solutions can also conduct face detection, face comparing and face searching.