Chinese facial recognition firm Face++ has raised US$460 million in a series C round led by China State-Owned Assets Venture Investment Fund, with Ant Financial and Foxconn Technology Group participating, setting a new VC financing record for AI companies globally. SK Group, Sunshine Insurance Group Company Limited and the Russia-China Investment Fund (RCIF) , a private equity fund that was jointly established by the Russian Direct Investment Fund and China Investment Corporation, also invested in the round,  the firm announced on its …

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