China’s Yitu Technology has announced the completion its $200 million Series C+, with investors including ICBC International, Gaocheng Venture Capital, and SPDB International, local media is reporting.

The company, which is one of China’s foremost AI startups, has developed technology that can accurately identify individuals from a database of one billion people in just one second. The company has partnered with local public security offices to provide facial recognition solutions. It also provides technologies that enable natural language processing (NLP) and artificial intelligence chips.

Yitu received angel investment in 2013. It then went on to complete its Gaorong Capital-led Series A in 2015. In 2016, it closed its YF Capital-led Series B, and in 2017 it received RMB380 million in Series C investment from Hillhouse Capital, Sequoia Capital, and YF Capital, among others.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.