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Incorporated in 2011, Megvii is headquartered in Zhongguancun, focusing on computer vision and product development. Based on its original deep learning system and algorithms, Megvii seeks to build AI Engine, a core fundamental technology powering various AI application, building a product platform of IoT OS. It is connecting standardized hardware like sensors, robots and personal devices with AI+IoT (AIoT), thus commercializing three application-oriented IoT brains on a large scale, namely, city brain, supply chain brain, and personal life brain. Megvii has established five independent institutes in Beijing, Shanghai, Nanjing, Chengdu and Seattle, with more than 60% of employees being researchers. It owns over 1,000 granted patents and patents applications. Megvii’s core technology, facial recognition was rated at one of the Ten Global Breakthrough technology and the company rated the 11th on the list of Top 50 Smartest companies. Currently, its intelligent IoT solutions are widely used in city management, logistics, retailing, real estate, mobile phone, finance, and other fields. It has built a strong network with well-established clients, including industrial leaders such as Alibaba, Ant Financial, Cainiao Network Technology, Foxconn, Lenovo, Silk Street, MINISO, Huawei, OPPO, vivo, Xiaomi, Capitaland and other leading enterprises.