What MEGVII does

MEGVII (旷视科技) is a Beijing-headquartered artificial intelligence company founded in 2011 that builds the proprietary Brain++ AI productivity platform and a full-stack portfolio of AIoT products. The technology foundation comprises the open-source MegEngine deep learning framework, the MegCompute distributed training platform, and the MegData data management platform, supporting capabilities spanning computer vision (with facial recognition as the flagship), generative AI (Taiyi multimodal large model), intelligent agents, and spatial perception algorithms. The Research Institute employs 500+ dedicated AI researchers and the firm holds 1,300+ granted patents and 49 global AI competition championships including a COCO three-peat.

The company monetizes through four streams: AIoT hardware sales (smart cameras, access control terminals, edge computing all-in-ones, smart warehouse robots), software platform licensing (Megvii Pangu for smart buildings, Megvii Wanxiang for city governance, Megvii Jiuxiao commercial cloud), Face++ API services billed on usage, and professional services for algorithm customization and integration. Pricing is quote-based on multi-year enterprise contracts. GTM combines a direct enterprise sales force with the AIoT Ecosystem Partner Program covering 220+ partners across industry and regional ISVs.

Customers are concentrated in Chinese smart city and enterprise verticals — named logos include the governments of Langfang, Shenzhen Luohu District, and Haidian Urban Brain, alongside SOEs and large enterprises such as PetroChina, Sinopharm Guangzhou, Geely (via the 2025 Chongqing Qianli joint venture), Jinyu Group, Cofco, Vanke Cold Chain, Ganfeng Lithium, and Panasonic. The company has historically pursued Hong Kong and STAR Market IPOs without success and faces US export controls on advanced semiconductors that constrain compute scaling.

Name

MEGVII

Legal name

北京旷视科技有限公司

Website

https://megvii.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MEGVII is a Beijing-based AI company that builds the Brain++ productivity platform and an AIoT product portfolio spanning computer vision, intelligent agents, edge hardware, and smart city software, serving Chinese government, SOE, and enterprise customers across smart city, smart building, logistics, and finance verticals.

Ownership category

akta.pro rank

Product category

Computer Vision and AIoT Platform

NAICS

Computer and Peripheral Equipment Manufacturing (33411), Computer Systems Design and Related Services (54151), Computer and Electronic Product Manufacturing (334)

SIC

Services-Computer Integrated Systems Design (7373), Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)

akta.pro secondary industries

Edge AI Hardware & NPUs (SoCs, modules, accelerators) (HDAAAJAC), Generative AI & LLM Solutions Services (RAG, Agents, Copilots) (BPAEAHAG), Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• Computer vision platform
• AIoT hardware solutions
• Facial recognition technology
• Deep learning framework
• Smart city governance

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. AIoT硬件产品销售: 包括AIoT应用计算一体机、智能服务器、智能分析盒、人脸识别门禁一体机、智能网络摄像机等硬件产品
2. 平台软件授权: 城市智能感知AI中台系统（旷视天枢）、AIoT视图综合应用平台（旷视盘古）、AIoT智能物联商业云平台（旷视九霄）等软件平台
3. Face++ API服务: 人工智能开放平台提供API调用服务，按调用量计费
4. 专业技术服务: 包括算法定制开发、系统集成、技术咨询等服务

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

MEGVII develops and sells AI infrastructure and algorithm-defined AIoT products. Its core technology is the Brain++ productivity platform (MegEngine deep learning framework, MegCompute training infrastructure, MegData), which it packages into the Face++ and FaceID computer vision APIs, the Wanxiang/Pangu/Jiuxiao software platforms for city and enterprise management, and a hardware line of smart cameras, access control terminals, analysis boxes, edge servers, and logistics robots sold to enterprises and governments.

Product overview

MEGVII (旷视科技) builds a comprehensive AIoT product ecosystem powered by its self-developed Brain++ AI productivity platform. The portfolio consists of three integrated layers: (1) Core AI infrastructure including MegEngine deep learning framework, Face++ AI open platform, FaceID identity verification APIs, and AIS algorithm production platform; (2) AIoT software platforms including Megvii Pangu (smart building OS), Megvii Wanxiang (city governance), and Megvii Jiuxiao (commercial IoT cloud); (3) AIoT hardware including smart cameras, access control terminals, analysis boxes, servers, and computing all-in-one machines. The ecosystem extends to intelligent agent solutions for urban management, transportation, workplace, commercial, and production safety scenarios, plus specialized products like the Yun Dong Yuan sports education AI assistant and smart logistics robots (MegBot-T800, four-directional vehicles). MEGVII positions its 'algorithm-defined hardware' approach where AI capabilities are embedded into purpose-built devices for diverse AIoT applications.

Differentiator

Problem solved

Functional benefit

Brands

• Face++: 人工智能开放平台 (Artificial Intelligence Open Platform) providing facial recognition and AI algorithm services to developers
• MegEngine (旷视天元)
• FaceID
• FaceID企业版
• 旷视盘古
• 旷视天枢
• 旷视鸿图
• 旷视幻方
• 旷视魔方
• 旷视神行
• 旷视九霄
• 旷视运动猿
• 河图
• 万象
• MegBot-T800

Products and services

• Brain++ Next-Generation AI Productivity Platform Self-developed next-generation AI productivity platform integrating MegEngine (algorithm training/inference/deployment), MegCompute (computing power sharing/scheduling/distribution), and MegData (comprehensive data processing/management/security) to cover AI production to application engineering. Sold to enterprise developers and partners.
• MegEngine Open-Source Deep Learning Framework (旷视天元) Open-source deep learning framework providing algorithm training, inference, and deployment capabilities, powering AI algorithm development across MEGVII products and external developers.
• Face++ AI Open Platform Public AI open platform providing facial recognition APIs including face detection, comparison, search, and facial landmark detection for developers and enterprises, billed on usage.
• FaceID Online Identity Verification Platform Online identity verification platform offering face verification, liveness detection, and face comparison services for financial and enterprise authentication use cases.
• FaceID Enterprise Identity Authentication Management Platform Enterprise-grade intelligent identity authentication management platform with biometric technology for secure identity verification and audit trails, targeted at enterprise customers.
• AIS Algorithm Production Platform (AI Service) One-stop algorithm production platform covering data processing, model training, performance analysis, and deployment testing, with zero-code automation tools supporting 100+ business models.
• Megvii Wanxiang (旷视天枢) City Governance Platform City-level urban intelligent sensing AI middle platform system for city governance, social governance, environmental protection, and traffic management scenarios, enabling violation detection and non-site enforcement.
• Megvii Pangu (旷视盘古) AIoT View Comprehensive Application Platform AIoT view comprehensive application platform for smart building and park industries, providing private deployment with visual business applications for smart parks, access control, and security alerts.
• Megvii Jiuxiao (旷视九霄) AIoT Intelligent IoT Commercial Cloud Platform AIoT intelligent IoT commercial cloud platform providing comprehensive business IoT solutions and cloud-connected device management for commercial customers.
• Megvii Hongtu (旷视鸿图) AIoT Application Computing All-in-One AIoT application computing all-in-one machine for edge AI computing, widely deployed in office buildings, enterprise parks, manufacturing facilities, campuses, and communities.
• Megvii Huanfang (旷视幻方) AIoT Intelligent Server High-performance AIoT intelligent server for central AI computing needs, providing edge AI processing capabilities for enterprise and city deployments.
• Megvii Mofang (旷视魔方) Intelligent Analysis Box Intelligent analysis box with embedded AI comprehensive algorithms for deep neural network computing, supporting edge-side independent face acquisition, recognition, and alerting with API interfaces for secondary development.
• Megvii Shenxing (旷视神行) Face Recognition Access Control Terminal Face recognition access control all-in-one terminal for entrances/exits, attendance, temperature measurement, and identity verification across multiple product forms and scenarios.
• Smart Network Camera Smart network cameras with multiple modality combinations including face capture, face recognition, intelligent dual-light, hybrid intelligence, and full structuring for person/vehicle/non-motor vehicle detection.
• Mingji AI Smart Temperature Measurement System (明骥AI智能测温系统) AI-powered infrared temperature measurement system for pandemic prevention, achieving 0.2-second measurement speed and 99.8%+ recognition accuracy with dual-light fusion technology.
• Megvii Yun Dong Yuan (旷视运动猿) Sports Education AI Assistant AI sports education product solution for physical education training, supporting 20+ sports including running, fitness training, and ball sports with AI-powered motion detection and assessment.
• Intelligent Agent Solutions (行业智能体方案) Five major intelligent agent solutions (Urban Governance, Transportation, Workplace, Commercial, Safety Production) integrating high-level sensing, decision-making, knowledge interaction, content generation, and business execution with zero-code orchestration.
• Hetu (河图) Smart Logistics Operating System Robot IoT operating system for supply chain IoT, managing and coordinating robots and intelligent equipment across warehouse, logistics, manufacturing, and supply chain operations.
• Smart Pallet Four-Directional Vehicle System (智能托盘四向车) Next-generation pallet dense storage robot with discrete equipment and distributed control, capable of running across an entire warehouse and adapting to seasonal demand changes.
• MegBot-T800 Smart Flexible Robot Smart flexible robot for intelligent warehouse and factory logistics, serving as a key carrier for MEGVII's smart logistics solutions.

Quantifiable outcome

• 算法生产成本降低50%
• +4 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• GeelycoreStrategic or Co-development Partner · 1 June 2025Geely与重庆政府基金、旷视共同成立重庆乾理智能驾驶技术有限公司（Chongqing Qianli Smart Driving Technology Co.），由前华为智能汽车部门负责人Wang Jun担任CEO，合并Geely旗下三个智能驾驶部门超过3000名工程师
• 中科大脑coreStrategic or Co-development Partner旷视作为海淀城市大脑科技产业联盟成员，与中科大脑共同建设海淀区AI算法中心，赋能27个城市管理场景，实现了AI算法与国产芯片的适配
• 中国石油集团coreStrategic or Co-development Partner旷视利用盘古AIoT视图综合应用平台助力中国石油集团开展危险化学品油气泄漏监测预警系统建设
• 美丽修行minorStrategic or Co-development Partner旷视与美丽修行合作，引入FaceStyle智能测肤功能，探索AI+美业数智化场景创新
• 西安交通大学coreStrategic or Co-development Partner西安交通大学与旷视科技获批共建人机混合增强智能全国重点实验室
• 中国科学技术信息研究所（中信所）minorStrategic or Co-development Partner旷视与中信所联合发布《企业负责任的人工智能实践》报告，共同探索企业开展人工智能治理应具备的责任框架和行动路径
• 金隅集团coreStrategic or Co-development Partner旷视为金隅智造工场提供智慧建筑解决方案，盘活改造存量工业厂房，打造智能制造为核心产业的创新型科技产业园区
• 应急管理大学minorStrategic or Co-development Partner应急管理大学刘德权教授一行莅临旷视参观交流，共探AI+安全生产落地实践

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SenseTime: Closest Chinese peer; SenseTime offers computer vision, facial recognition, and AIoT platforms serving smart city, enterprise, and automotive customers — directly overlapping Megvii's core product and customer base.
• CloudWalk Technology: Chinese facial recognition and AI platform company competing with Megvii in public security, finance, and AIoT applications across government and enterprise segments.
• Yitu Technology: Shanghai-based AI company focused on computer vision, smart city, and healthcare AI; overlaps with Megvii on face recognition and city governance deployments.

Broad incumbents

• Hikvision: Dominant Chinese video surveillance hardware and AIoT platform provider; competes with Megvii's smart cameras, analysis boxes, and city governance solutions, but at much larger scale and broader scope.
• Dahua Technology: Major Chinese smart video and AIoT solutions provider overlapping with Megvii in smart city, traffic, and access control AI applications.
• Huawei (HiAI / Pangu): Provides foundation models (Pangu), edge AI hardware (Ascend), and smart city/industrial AI solutions that compete with Megvii's Brain++, AIoT hardware, and intelligent agent platform across enterprise and government.
• Alibaba Cloud (Aliyun / Tongyi): Alibaba's cloud unit offers computer vision APIs, LLMs (Tongyi), and AIoT services that overlap with Megvii's Face++ platform and enterprise AI offerings, and Alibaba is also a Megvii investor.
• Baidu (AI Cloud / ERNIE): Provides computer vision, foundation models, and smart city AI in China, overlapping with Megvii on enterprise AI, agent platforms, and city governance.

Emerging players

• Horizon Robotics: Chinese edge AI chip and autonomous driving solution provider; overlaps with Megvii's edge AI hardware (Hongtu/Huanfang/Mofang) and Geely automotive AI strategy.
• Pony.ai: Autonomous driving company with significant China operations; overlaps with Megvii via the Geely smart driving JV and the broader intelligent transportation AI opportunity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Megvii

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MEGVII