China's AI start-up Megvii raising $500 mln at $3.5 bln valuation - sources
December 09, 2018 at 23:12 PM EST
Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.