The Chinese tech startup Megvii is rumored to be planning an initial public offering for later in the year. The South China Morning Post reports that the IPO could take place in either Hong Kong or New York, although Hong Kong is considered to be more likely at this time. Megvii is hoping to raise…
“The Deep Glint investment is valued at $5 million, and reflects a broader trend as the automotive sector increasingly embraces AI and biometric technologies. “ Hyundai Mobis has taken a big stake in China-based computer vision specialist Deep Glint, signalling the growing importance of AI and biometrics in the automotive sector. Deep Glint specializes in…
AIStorm has landed $13.2 million in Series A funding to develop a next-generation semiconductor for future IoT devices. The new semiconductor will reportedly allow users to process analog sensor data more quickly and at a fraction of the current cost. According to AIStorm, the challenge is that raw data needs to be converted to a…
“The platform’s tools will allow for the development of computer vision systems that can detect, classify, count, and track objects, and that can perform facial recognition.” San Diego-based computer vision startup AlwaysAI has brought in $4 million in funding through a series-A investment round, the company has announced. The round was led by BRV, a…
A biometrics developer based in Newcastle, England, has received £200k in funding, according to a Bdaily article by Jamie Hardesty. The firm, IEvo, worked with NEL Fund Managers to secure the money from the Finance For Business North East Growth Fund. According to the article, IEvo develops fingerprint biometric technology for partner companies, with integrations in…
A new startup is shopping its cardiac biometrics technology, and appears to be on pretty solid footing, according to a profile by John Kennedy in Silicon Republic. The Ireland-based B-Secur boasts of advanced ECG technology and solid financial backing. The company’s executives are keen to point out the difficulty of spoofing when it comes to…