What is Malong Technologies?
Founded in 2014, Malong Technologies specializes in AI-driven product recognition for retail applications. The company is renowned for its invention of the CurriculumNet weakly-supervised learning algorithm, which achieved a decisive victory in the inaugural WebVision Challenge at CVPR. Malong Technologies aims to revolutionize the retail sector by enhancing operational efficiency, asset protection, and customer experience through its RetailAI suite, comprising RetailAI Protect and RetailAI Fresh. As an Accenture portfolio company, Microsoft Gold Certified Partner, Dell Technologies Partner, and NVIDIA Inception Premier member, Malong Technologies is well-positioned within the tech ecosystem.
How much funding has Malong Technologies raised?
Malong Technologies has raised a total of $42.9M across 2 funding rounds:
Series A
$9.9M
Series B
$33M
Series A (2016): $9.9M with participation from Jiangmen Venture Capital, Greenwoods Asset Management, and CITIC Capital Holdings
Series B (2017): $33M led by SBCVC
Key Investors in Malong Technologies
SBCVC
SBCVC is a leading venture capital and private equity firm established in China in 2000, managing both USD and RMB funds. They focus on high-tech, high-growth companies across TMT, clean technology, healthcare, consumer/retail, and advanced manufacturing sectors, investing across all company stages.
Jiangmen Venture Capital
Jiangmen Venture Capital is an investment firm that participated in Malong Technologies' Series A funding round.
Greenwoods Asset Management
Greenwoods Asset Management is an investment firm that provided backing for Malong Technologies' Series A financing.
What's next for Malong Technologies?
The recent major strategic investment signals a new phase of growth and development for Malong Technologies. This capital infusion is expected to accelerate the company's research and development in deep learning for product recognition, further enhance its RetailAI suite, and expand its market reach. With a strong foundation in AI innovation and strategic partnerships, Malong Technologies is poised to continue its trajectory as a key player in AI solutions for the global retail landscape, driving digital transformation and operational excellence for its clients.
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