Haier Financial Holdings has backed a $254m funding round for CloudWalk, a spinout of Chinese Academy of Sciences.

China-based facial recognition technology developer CloudWalk has obtained RMB1.8bn ($254m) in a funding round backed by Haier Financial Holdings, a unit of home appliances manufacturer Haier, DealStreetAsia reported today. A range of national and municipal government-owned entities also contributed, including investment company Guosheng Group, financial services firms Nansha Financial Holding and Industrial and Commercial Bank…

The rest of this content is only accessible to Global University Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.