• Companies specializing in facial recognition raised sizable amounts of capital from investors in 2018.
• In the coming year, facial recognition will yield new use cases, but will also bring new ethical concerns to the forefront.
Facial recognition is a hot topic. During 2018, several companies active in image recognition, and specifically facial recognition, raised sizable amounts of capital. China-based Sensetime raised an additional $1 billion in September of 2018, bringing the company’s total funding to $2.6 billion. After its Series D funding in July 2018, Megvii’s Face++ had raised a total of $607 million.
During 2019, investment in companies pursing visual recognition and developing new applications for the technology will likely accelerate. Given recent trends, there is a strong possibility that much of this new funding will be flowing into China, which has been very public about its aspirations to lead the global AI arena. Continue reading “Facial Recognition to Spark Lively Debate in 2019”