Yitu Technology | |
Native name | 依圖科技 |
Industry | Artificial intelligence; facial recognition systems |
Founded | 2012 |
Founder | Leo Zhu |
Headquarters | 701 Yunjin Rd, Xuhui District, Shanghai |
Website |
www |
Yitu Technology, stylized as YITU, is a Shanghai-based artificial intelligence company that develops facial recognition systems. The company was founded in 2012 by Leo Zhu and Lin Chenxi. [1] Yitu's software, branded as Dragonfly Eye, is used by public security bureaus throughout China to identify individuals and vehicles. [1]
Leo Zhu, the company's CEO, received his Ph.D. in statistics from University of California, Los Angeles and conducted post-doctoral research at the MIT Computer Science and Artificial Intelligence Laboratory. [1] Yitu is financially backed by the Industrial and Commercial Bank of China, Sequoia Capital, and Hillhouse Capital. [2] [3] [4] Yitu's chief operating officer, Zhang Xiaoping, also serves as the chief investment officer of G42. [5]
In 2017, Yitu took first place in a contest for facial recognition algorithms held by the Office of the Director of National Intelligence. [6] In 2018, Yitu partnered with Huawei to enhance its smart cities projects. [7] [8] The same year, Yitu established an office in Singapore and inked a deal with the Royal Malaysia Police for facial recognition software. [4] In 2019, the Chinese government named Yitu one of its "national champions" in artificial intelligence. [9] In 2021, Yitu withdrew its initial public offering application on the Shanghai Stock Exchange STAR Market following regulatory scrutiny and announced its intention to list on the Hong Kong Stock Exchange. [3]
In October 2019, the United States Department of Commerce added Yitu to the Entity List for alleged involvement in human rights abuses in Xinjiang. [10] [11] In December 2021, the United States Department of the Treasury added Yitu to its "Chinese military-industrial complex companies" (CMIC) blacklist. [12] In January 2024, the United States Department of Defense named Yitu on its list of "Chinese Military Companies Operating in the United States." [13]
Yitu Technology | |
Native name | 依圖科技 |
Industry | Artificial intelligence; facial recognition systems |
Founded | 2012 |
Founder | Leo Zhu |
Headquarters | 701 Yunjin Rd, Xuhui District, Shanghai |
Website |
www |
Yitu Technology, stylized as YITU, is a Shanghai-based artificial intelligence company that develops facial recognition systems. The company was founded in 2012 by Leo Zhu and Lin Chenxi. [1] Yitu's software, branded as Dragonfly Eye, is used by public security bureaus throughout China to identify individuals and vehicles. [1]
Leo Zhu, the company's CEO, received his Ph.D. in statistics from University of California, Los Angeles and conducted post-doctoral research at the MIT Computer Science and Artificial Intelligence Laboratory. [1] Yitu is financially backed by the Industrial and Commercial Bank of China, Sequoia Capital, and Hillhouse Capital. [2] [3] [4] Yitu's chief operating officer, Zhang Xiaoping, also serves as the chief investment officer of G42. [5]
In 2017, Yitu took first place in a contest for facial recognition algorithms held by the Office of the Director of National Intelligence. [6] In 2018, Yitu partnered with Huawei to enhance its smart cities projects. [7] [8] The same year, Yitu established an office in Singapore and inked a deal with the Royal Malaysia Police for facial recognition software. [4] In 2019, the Chinese government named Yitu one of its "national champions" in artificial intelligence. [9] In 2021, Yitu withdrew its initial public offering application on the Shanghai Stock Exchange STAR Market following regulatory scrutiny and announced its intention to list on the Hong Kong Stock Exchange. [3]
In October 2019, the United States Department of Commerce added Yitu to the Entity List for alleged involvement in human rights abuses in Xinjiang. [10] [11] In December 2021, the United States Department of the Treasury added Yitu to its "Chinese military-industrial complex companies" (CMIC) blacklist. [12] In January 2024, the United States Department of Defense named Yitu on its list of "Chinese Military Companies Operating in the United States." [13]