After closing its $200 million Series C+ funding round in June, Shanghai-based facial recognition firm Yitu Technology has secured another $100 million. The investment comes from China Industrial Asset Management, according to a Yitu statement.

The company’s technology has been deployed for use with the country’s ubiquitous surveillance systems. According to Yitu’s website, public security bureaus in Xiamen, Wuhan, Suzhou, and Ningbo make use of their Dragonfly Eye identification system. Additionally, the company provides facial recognition at the country’s borders and in verification systems for the financial sector. It also offers technologies that enable natural language processing (NLP) and artificial intelligence chips.

The company’s recent funding rounds have been supported predominantly by banks. “It is believed that the financial industry experience of new investors can help Yitu Technology expand in the whole industry faster,” the company said.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

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.