Watrix Joining the Ranks of Innovative Chinese AI Startups
High-value, innovative startups from China have recently acquired their fair share of the spotlight when it comes to surveillance, biometrics, and artificial intelligence. SenseTimeis an AI and machine vision company that also focuses on highly advanced face recognition, liveness detection, feature points, and attributes and was dubbed a unicorn even before it left stealth mode (amassing, in total, more than US$2.5 billion in funding). Megviiis another AI company that focuses almost exclusively on face/image/object recognition, video, and behavioral analytics (with an impressive portfolio for surveillance system solutions), securing more than half a billion dollars in funding and a recent evaluation of US$23.5 billion. Both firms are backed by the Alibaba Group, which is steadily establishing its presence in the AI arena.
Joining the ranks of innovative Chinese s...
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