[ Yitu Technology raises $55.1M in Series C funding ]

Yitu Technology has raised $55.1 million in Series C funding.

Founded in 2012, Yitu Technology is a cloud-based visual recognition engine that enables computers to detect and recognize faces and cars. Yitu’s face recognition system has been deployed by the China Customs and China Immigration Inspection bureaus and a number of hospitals, including Zhejiang Provincial People’s Hospital and Guangzhou Women and Children’s Medical Centre.

The new financing will be used to invest in research and development to better understand AI application in sectors such as healthcare.

Funding  Series C
Founded  2012
Country  Cina
City  Shangai
Founder / CEO  Zhu Long
Deal Size  $55.1M
Investors  ZhenFund
 Sequoia Capital
 Banyan Capital
 YF Capital (Yunfeng Capital)
 Hillhouse Capital Group
Previous Investors  /