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Moviebook Completed Round D Financing, Intelligent Image Production Became the Key to the Deployment of AI
Recently, Moviebook, a leading visual technology company, announced the completion of the round D financing of RMB1.36 billion yuan, setting the record in the field of AI image production. More than 10 investment institutions and strategic partners, including SBCVC, Sensetime, New Media Industry Fund of Oriental Pearl, PAC, Qianhai Wutong Mergers and Acquisitions Funds, Langsheng Investment and renowned trader Ge Weidong. Moviebook also signed an exclusive strategic cooperation agreement with Sensetime. The two parties will deeply cooperate on the underlying AI technologies such as augmented reality and video analysis to jointly build a commercial channel of AI technology for the big entertainment industry.
Ji Xiaochen, Founder and CEO of Moivebook, said that the funds raised in this round will be used for the optimization and R&D of intelligent image technology, the application expansion in AI+ big entertainment industry and the improvement of talent echelon construction. As a strategic investor, Sensetime will provide comprehensive support for the underlying AI algorithms such as augmented reality and video analysis, in order to reach in-depth cooperation and build a vertical strategic alliance with Moviebook.
Dr. Peter Hua, Managing Partner of SBCVC, said that AI is waving to the fourth scientific and technological revolution, and China has become one of the fastest growing countries in the global AI field. With such historical opportunities, it is very important to quickly complete the integration of AI technology and industry. As a benchmarking company that has promoted the deployment of AI technology in China, Moviebook has showed us the grand vision of technology development. It’s expected that Moviebook will continue its commitment in this field and play a leading role in promoting the development of AI technology.
As a leader in computer vision field, Moviebook has created a new business mode for visual scene technology, and proved to be the largest intelligent image production technology company in China. As the intelligent image production platform with the largest traffic, the highest number of active users and the largest coverage of resources in the vertical field of Internet video, Moviebook continues to outperform with the largest market share. By virtue of its first-mover advantages in technology and commercial exploration, Moviebook has become one of the most successful companies in the commercialization of AI.
The founding team of Moviebook comes from the world's leading computer vision technology development and research institutions boasting more than ten years of experience in major international and domestic intelligent image projects. Moviebook has more than 100 independent intellectual property rights and has won numerous technical awards in various industries around the world. As a technology innovation company, Moviebook has had a clear application scenario since its inception. Its core platform products have taken the lead in realizing the industry-university-research cooperation and promoting industrial automation, standardization and intelligent upgrading. In 2017, Moviebook completed 446 million seconds of engineering processing and provided technical services for hundreds of customers, nearly 1,000 brands and 150,000 video products. The company’s penetration rate among industry users exceeded 70%, and it mastered the core data of video structured vertical field, making it a leading company in the commercialization of AI vision technology in China.
Moviebook has opened and optimized the value chain. Its T2B2C mode that deepens scientific and technological empowerment becomes a booster for market blowout and industrial upgrade. Moviebook is dedicated to the development of video AI technology for intelligent image production. With its technical advantages in pixel and sub-pixel computing, 3D reconstruction and 3D vision, fine-grained analysis and structuring of video content, it provides technical solutions and commercial services for the entire industry chain including content production and platform channels. Currently, the product line of Moviebook covers software and hardware of video production, processing, distribution and playing. It multi-dimensionally explores the application value of visual technology, actively promotes the transformation of scientific research results, and continuously expands commercial boundaries in the field of big entertainment, effectively promoting the economic growth and prosperity throughout the industry.