Alibaba's Ant Financial invests in 3D sensing company
Alibaba's Ant Financial leads an over $200M Series D round in movement detecting organization Orbbec.
The round likewise included SAIF Partners, R-Z Capital, Green Pine Capital Partners, and Tianlangxing Capital.
Orbbec outlines and produces 3D sensors that work for facial and motion acknowledgment, 3D estimation, and guide recreations. The sensors can work in cell phones, robots, or keen home gadgets.
Alibaba shares are up 1.3% to $197.51 on the facilitating US-China exchange strains.
The company was founded by a group of engineers and researchers specializing in 3D cameras. Founder Huang Yuanhao, is an MIT Smart Center Ph.D, known for his work in laser speckle interferometry and digital speckle correlation.
In 2015, the company released Orbbec Persee, which it claims is the world’s first "camera computer." It integrates the Orbbec Astra Pro 3D camera with a ARM computer on a single device. It includes a quad-core 1.8GHz ARM CPU, 600MHz GPU with OpenCL support, Wi-Fi and high-speed Ethernet, 2GB DDR3 RAM, and an embedded 16GB eMMC Flash.
The company has about 400 staff, with 75% in research and development, including some former tech experts from Apple Inc, IBM and Advanced Micro Devices, Inc, the company said.