Moredian Technology closes multi-million-yuan Pre B+ financing

AI facial recognition technology developer Moredian Technology has recently completed Series Pre B+ financing round, totaling tens of millions of yuan, led by ZJU Joint Innovation Investment and joined by Landstone Capital. The proceeds will be mainly used for new product upgrading and market development.

AI facial recognition technology developer Moredian Technology has recently completed Series Pre B+ financing round, totaling tens of millions of yuan, led by ZJU Joint Innovation Investment and joined by Landstone Capital. The proceeds will be mainly used for new product upgrading and market development.

Established in 2016, Moredian Technology is a developer of artificial intelligence facial recognition technology that is incorporated with industry applications.

The company’s facial recognition technology is used in various industrial applications such as a visitor management system in the office, smart access control systems enabling the development of smart offices, and smart retail.

As of now, the number of corporate clients of Moredian Technology has exceeded 200,000, and its core clients include Alibaba, Ant Financial, etc.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/moredian-technology-closes-multi-million-yuan-pre-b-financing/.

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