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.




Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights


Why Deloitte Australia’s HR technology is winning awards

Human Capital