Malong Technologies, a Shenzhen, China-based artificial intelligence (AI) startup, received a minority investment from Accenture Ventures’ Accenture (NYSE:ACN).
The amount of the deal was not disclosed.
Founded in 2014 and led by Dr. Dinglong Huang, CEO, Malong Technologies provides computer vision technology for the enterprise. Through the alliance, Accenture’s Applied Intelligence practice and Malong will offer computer vision and product recognition capabilities to clients worldwide.
The company’s product recognition and auto-tagging technology, ProductAI®, lets machines “see” physical objects the way a person does. Retailers can use it to make product checkouts much more efficient and allow their customers to shop for items by taking a picture of it with their smartphones.
Other use cases include defect detection in manufacturing to drive quality, baggage scanning for improved safety, and analyzing medical images to allow doctors make critical decisions faster.
The company’s headquarters are in Shenzhen, China, with teams in Beijing, Shanghai, Tokyo and Bentonville, USA.
Through the alliance, Accenture’s Applied Intelligence practice and Malong will offer computer vision and product recognition capabilities to clients worldwide. The deal also gives Accenture a strategic AI presence in China and forms part of its wider regional growth strategy.
FinSMEs
13/08/2018