Motion sensing company Orbbec raises $200mn in funding led by Ant Financial

Orbbec, a Chinese tech company, has raised $200mn in its series D round of funding. The company produces motion sensing technology such as 3D sensors, facial recognition, gesture recognition, human skeleton recognition, 3D measurement and 3D map reconstruction.

It develops, manufactures and sells this technology for products like smartphones, robots and smart homes.

See also:

Read the latest Asia edition of Business Chief!

Voice recognition company iFlyTek to raise $567mn

Grab seeks $1bn in funding to value company at $10bn

The company has about 400 employees who mainly focus on research and development of these products. Founded by Huang Yuanhao in 2013, Orbbec is based in Shenzhen.

The funding round was led by Ant Financial. Other participants included SAIF Partners, Green Pine Capital Partners, R-Z Capital and Tianlangxing Capital.

Ant Financial, the finance arm of ecommerce giant Alibaba, is set to issue an IPO later this year.

 

 

Share

Featured Articles

Welcome to the New Age of the CISO

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

Making the UAE the world’s strongest digital fortress

His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on visionary plans to build the world’s most secure digital society

World Mental Health Day – 10 apps to improve wellbeing

Employers should recognise the growing use of apps to help support mental health – here are 10 to consider on World Mental Health Day

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy

Best new books that will make you a better leader

Leadership & Strategy

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Leadership & Strategy