Jinmao Capital Invests Nearly $14m in Chinese Viontech

Jinmao Capital Invests Nearly m in Chinese Viontech

Beijing-headquartered computer vision solutions developer Beijing Vion Technology, Inc (VionTech) has raised approximately 100 million yuan ($14 million) in its Series C round from Zhong Huijin Capital and Jinmao Capital, an investment arm of Hong Kong-listed real estate and hotel manager China Jinmao Holdings Group Limited.

Founded in 2005, VionTech offers image recognition and intelligent solutions primarily for smart city and retail sectors. Its services and products are exported to over 20 countries including the Gulf region, Norway, Korea, Singapore, Malaysia, among others.

The developer is also backed by Samsung Ventures, Fortune Capital, Hua Capital, and Tsing Capital

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