Mianbi Intelligence completes a new round of hundreds of millions of yuan in financing, with Shenzhen Venture Capital and Huichuan Industrial Investment jointly leading the investment.

Shanghai Securities News China Securities Network reported (Reporter Sun Xiaocheng): Recently, MobiFace Intelligence completed a new round of funding in the amount of several hundred million yuan. Shenzhen Innovation Investment Group (Shenzhen Capital) and Inovance Industrial Investment led the round, with Daohe Long-Term Investment, Guotai Junan Innovation Investment, and Wu Yuefeng Sci-Tech among others participating as co-investors.

Earlier this year, MobiFace Intelligence had already completed a funding round led by China Telecom. In the first quarter, the total cumulative funding size is expected to exceed 1 billion yuan. Over the past year, MobiFace Intelligence has completed three rounds of financing in succession, attracting many well-known investment institutions such as Jingguorui, Moutai Fund, Loongson Venture Capital, and CICC Porsche, which have all placed bets.

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