CloudWalk Technology

insurtechartificial intelligence/machine learningiot (preventive insurance/telematics)

FOUNDING YEAR: 2015
LOCATION: China
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

The company provides facial recognition software and provides services to financial organizations that use AI & ML technologies.

Focus

PRODUCTS & SERVICES

The company offers the following products: 1. Facial recognition terminals 2. Facial scanning door entry 3. Infrared binoculars scanning machines These products enable banks and insurance companies to avail an information database that is used to analyze their customers, driver identification, and driver security information to analyze their policy terms.

Traction

TRACTION COMMENT:

CloudWalk Technology has powered over 1,217 customers in various sectors including financial, public security and aviation in this year. Currently, it provides service to over 400 banks and the country’s four state-owned banks, namely the Bank of China (BOC), the China Construction Bank (CCB), the Agricultural Bank of China (ABC), and the Industrial and Commercial Bank of China (ICBC). (Oct. 2018)

Momentum

FUNDED

YES

TOTAL FUNDING

$228.26 M

DATE OF LAST FUNDING

Oct 2018

TOTAL FUNDING COMMENT

The company will use the funds for big data-related researches, development, and expansion of the country’s AI application platforms, construction of research centers, talent cultivation plans, and the company’s industrial layout of AI technology and AI hardware, among others. (Oct. 2018)

SEED & PRIOR FUNDING

$7.26 M

SEED CLOSED ON

Apr 2015

FUNDING SERIES

SERIES B  · $221 M  · Oct 2018

LISTED

NO

COMMENT

Cloudwalk also received US $301 million (RMB2 billion) from the government of Guangzhou to set up an AI image center in that city in 2017. As per sources, the company has raised $509M but the total shows $529.66M (Oct. 2018)

BASICS

FOUNDING YEAR:

2015

LOCATION:

China

Views:

194 VISITORS | 287 VIEWS
LATEST FUNDING ROUND

$228 M

TOTAL EMPLOYEES
1-10

About

The company provides facial recognition software and provides services to financial organizations that use AI & ML technologies.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack