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In all computer vision startups, the number of face recognition companies is the highest and the technology maturity is high. At present, the accuracy of face recognition in China has exceeded the human eye. According to the data of the Prospective Industry Research Institute, in 2016, the market size of China’s face recognition industry was about 1.725 billion yuan, a year-on-year increase of 27.79%.
The “Four Little Dragons” basically started with face recognition technology. However, these CV (computer vision) companies, which started with a single point technology, are trying to get rid of the “CV” label, from the original algorithm provider to platform or service. Business. Xie Yinan, vice president of the technology brand marketing team, told China News Weekly that the stage of everyone’s staking is over, which proves that the algorithm is not the first in the world. Now it has entered the stage of proving commercial value, depending on the technology to the industry. What changes can be brought.
Despise at the beginning of its establishment, it mainly launched Face++ face recognition open platform. Today, its official website emphasizes that it is an expert in intelligent Internet of Things solutions, and its business involves security, finance, retail and other fields. Shangtang focuses on financial, security, smart driving, mobile Internet, medical and education industries. Cloud focuses on financial, security, risk control, transportation and commerce, and focuses on security, medical and financial, and retail. And other industries.
From the application scenarios explored by the head company, the application of computer vision still reveals obvious problems: the application fields overlap, the landing products are homogenized, and the competition is fierce.
A lot of people in the industry have noticed that with the application of face recognition technology into the “blowout period”, there are many products of “hanging sheep head selling dog meat”, and there is a large industrial bubble. Take the most common “attendance machine” as an example, the value of hundreds of dollars to tens of thousands of yuan, some popular “thousand yuan machine”, as long as the data collected by the face can match 60% or more, can be identified as the same person. The market is not well-balanced, and many face recognition technologies under the banner of “artificial intelligence” are difficult to distinguish.
The Guojin Securities report mentioned another industry pain point: Computer vision technology has a long development cycle and difficult profitability. In addition to a few scenes such as security and finance, most areas cannot find a clear business model.
Technology has been at a loss. According to its prospectus, in the first half of 2016 to 2019, Vision Technology lost 343 million yuan, 759 million yuan, and 3.351 billion yuan and 5.2 billion yuan respectively. However, ignoring the technology response, the sharp loss was mainly due to the change in the fair value of preferred stocks arising from the listing.
The contempt of the prospectus shows that in the eight years since its establishment, it has raised a total of 1.351 billion yuan, and the industry expects that the valuation will be around $4 billion. Another unicorn merchant soup is the “four dragons”, and its co-founder Xu Li recently confirmed that Shang Tang’s valuation this year is more than 7.5 billion US dollars.