$750M Funding Round for AI Startup Megvii, Co-Founded by Columbia Engineering PhD Grad Qi Yin

From TechCrunch:

Bloomberg reported in January that Megvii was mulling to raise up to $1 billion through an initial public offering in Hong Kong. The new capital injection lifts the company’s valuation to just north of $4 billion as it gears up for its IPO later this year, sources told Reuters.

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