CloudWalk Secures $444 Million Funding, Emerges as AI Industry Unicorn in China

In a significant leap forward for the artificial intelligence sector, CloudWalk has successfully raised an impressive $444 million in its latest funding round. Founded in 2015 as an offshoot of the Chinese Academy of Sciences, CloudWalk has rapidly ascended to the forefront of the AI industry, now recognized as a "unicorn" in the field. According to Gen Market Insights, the company boasts a commanding 12.88% share of the global facial recognition market, surpassing its closest competitors combined. In China, its technology is utilized in crucial sectors such as banking and airport security, achieving over a 70% market share. This funding will be pivotal as CloudWalk expands its cutting-edge research and development capacities, further enhancing its offerings in facial recognition, 3D reconstruction, and various other intelligent perception technologies. The company operates several R&D centers across key cities, including Chongqing, Chengdu, Shanghai, Suzhou, and Guangzhou, complemented by joint laboratories with prestigious institutions such as Shanghai Jiao Tong University. The funds raised will also support ongoing projects that involve pioneering AI applications and core chip platforms under the aegis of the National Development and Reform Commission and the Ministry of Industry and Information Technology. With over 700 dedicated researchers and a commitment to pushing the limits of technology, CloudWalk is well-equipped to maintain its leadership position and drive innovation in the AI landscape. This funding represents not just a financial milestone but a testament to the industry's momentum and CloudWalk's vision of a smarter, more interconnected future.