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Hongzhi Technology completed 120 million yuan A+ round of financing, led by Yu Yu Capital
Following the February 2015 completion of 10 million yuan (RMB, the same below) after Pre-A round in May 2016 and completed 50 million yuan A round of financing, knowledge Wuhan Hong Technology Co., Ltd. (hereinafter referred to as "Rainbow recognition technology") Recently, it officially announced that it has completed a total of 120 million yuan of A+ round financing. The financing was led by Yu Yu Capital, and Feng and Venture Capital followed suit. Yu Yu Capital is a boutique asset management company formed by a senior investment banking team, focusing on technology industry and innovative enterprise investment, providing global net asset allocation and investment banking + investment professional services to high net worth investors.
The successful completion of this round of financing shows that the capital market has fully recognized the rainbow technology from the team, technology to products, targets and other aspects, providing a powerful capital for the company to achieve the next five-year leap-forward development plan.
This round of financing will not only allow the company to continue to make great strides in the three dimensions of iris biometric core technology research and development, innovative product development and application scenarios, and to enable the rainbow technology to further integrate the iris biometric industry. The upstream and downstream industry chain resources and the deeper expansion of business layout in the field of artificial intelligence based on computer vision.
Hongzhi Technology was established in 2011. The core technical team comes from well-known universities at home and abroad such as Lincoln University, Goethe University and Huazhong University of Science and Technology, and has the core technology of independent intellectual property iris recognition. The company has leading technology advantages in iris recognition core algorithm, iris biometric intelligent chip, iris high-speed comparison intelligent engine and iris biometric big data.
Yi Kaijun, Chairman of Rainbow Technology, said: After the financing, Hongzhi Technology will continue to increase investment in research and development and maintain the continuous innovation advantage of core technologies. On the other hand, the company will fully expand the market promotion of advantageous products. advance iris recognition technology networking in the wisdom of public security, wisdom was wisdom home and other areas of the market floor applications, including consumer electronics iris locks, security applications of intelligent access control, and the focus for public security, finance and other industrial applications markets iris capture / recognition System, iris database, intelligent comparison engine overall solution. In addition to continuing to provide the industry with various types of iris recognition terminal equipment capable of edge calculation and central computing terminal equipment capable of large-scale iris comparison, the company will also accelerate the construction of large-scale iris biometric database for national security in the next five years. , National Defense Security and Financial Security provide large-scale, high-precision and rapid identification solutions to achieve the corporate goal of full-time coverage of biometrics.
With the help of team building in pattern recognition and machine vision and years of technical accumulation, Rainbow Technology will enter the field of artificial intelligence with algorithms, computing power and big data as the core elements, and realize artificial intelligence technology in iris recognition of specific industry platforms. Popularization and application.