On November 18th, Mantis Vision China announced the completion of its Series A financing of 138 million yuan, led by SenseTime (AI Industry Fund) and followed by Wenxing Shengshi Investment Management Co., Ltd and Putuo Technology Investment Co., Ltd., and the original shareholder Mantis Vision also participated in this financing. This financing funds will be used mainly for 3D technology-based hardware and software R&D, 3D studio implementation and metaverse content production.
Exclusive underlying core technology favoured by multiple investors
Mantis Vision China, established and invested in by Luen Mei Group in 2018, dedicated itself to the underlying R&D and application expansion of 3D vision. The company boasts an exclusive underlying core technology - self-developed coded structured light technology, which achieves high speed, high precision and high flexibility. With obvious competitive advantages, it embraces a clear and diversified commercialization path and a great growth potential.
In response to the commercial application scenario of this technology, SenseTime managing partner Hu Yutong said: "As the trillion-level application market of 3D vision perception technology continues to grow rapidly, great demands for 3D vision technology application will emerge in industries such as mobile phones, AIOT, intelligent security and metaverse. Therefore, this technology can be implemented extensively."
The core technology of Mantis Vision China has now been involved in the product innovation cooperation with many large well-known enterprises at home and abroad, including the first type of mobile phones with 3D structured light-based front cameras with Xiaomi, 3D solutions for the livestock industry with Baidu, 3D volumetric video studios with NBA and Manchester United, etc.
Various organizations have expressed a strong interest in the future imagination space of Mantis Vision China's structured light technology at the press conference. It is described that compared to other similar technologies, the coded structured light for mask of Mantis Vision China is more suitable for applications in AI, ARVR and the metaverse.
Lei Duo, chairman of Wenxing Shengshi Investment Management Co., Ltd., bluntly stated that 3D and computer vision were one of the basic technologies for AI industry development and Metaverse. Mantis Vision China has continuously innovated based on years of technical accumulation of the Israeli science and technology team, and opened up vast domestic and foreign commercial markets, which can be deemed as one of its biggest investment highlights.
High-quality track and excellent teams with independent intellectual property rights
During the conference, Chen Ling, CEO of Mantis Vision China, pointed out that Mantis Vision China has established two R&D centers in China and Israel, which is attracting excellent R&D talents worldwide to join the company. With the help of this round of financing, the company will further strengthen the R&D of the underlying technology and accelerate the application and innovation of 3D imaging.
The team members of Mantis Vision China from SAP, Ofilm Technology, IBM, Intel and other high-tech enterprises, have rich experience in technology development and markets, which partly explains why investors are optimistic about Mantis Vision China.
"Mantis Vision China has both a pragmatic management and a down-to-earth executive team. Besides, it also has outstanding patent advantages. This time we are to invest in the track, the teams, and the independent intellectual property rights." said Lei Duo.
Release of the new product 3D hologram studios applied in the metaverse
As the world's leading 3D and computer vision solution provider, Mantis Vision China has successfully developed 3D volumetric video hologram studio technology based on multi-field innovation in optics, software and hardware.
Along with the completion of Series A financing, Mantis Vision China has recently released a new product based on this technology, the 3D volumetric video hologram studio, namely "Ring Studio". The product can record holographic 3D videos, and support high-quality holographic live streaming, which is far ahead of the world.
It is said that the product uses the world's leading XR live streaming technology and algorithm. The early proof-of-concept and joint R&D with the NBA, Warner Brothers, AT&T and globally renowned Internet companies allow the product to go through numerous iterations and improvement. As a result, it is recognized at the highest level in the industry, and used in recording marketing and performance activities for several international stars.
Characterized by simplicity, openness and high quality immersive experiences, this technology is becoming one of the core technology platforms for the realization of the metaverse, according to Chen Ling, CEO of Mantis Vision China.
After the launch of this new product, the company will also cooperate with several leading Internet companies in application development, and plan to bring "The Ring Studio" to domestic consumers in 2022, so that more people can experience the metaverse, a result of cross-era innovation in social technologies.
Headquarter of Mantis Vision China settled in the China-Israel (Shanghai) Innovation Hub
Mantis Vision China held a ceremony to open its Chinese headquarter in the China-Israel (Shanghai) Innovation Hub, following the release of its Series A financing. The China-Israel (Shanghai) Innovation Hub is a demonstration zone for international cooperation and innovation based on the solid governmental cooperation between China and Israel, with "joint innovation and R&D" and "two-way technology transfer" as its orientation and "innovation" as its core. The move to the China-Israel (Shanghai) Innovation Hub is an important step in the strategy of Mantis Vision China to originate from Israel and take root in the Chinese market.
In this regard, Chen Henrong, the head of China-Israel Investment Fund, said, "As a star enterprise actively supported by the China-Israel (Shanghai) Innovation Hub, Mantis Vision China has been committed to working with the Hub to build a benchmark enterprise for China-Israel high-tech cooperation, and made important contributions to promoting the integration and development of China and Israel in culture, technology and finance. "
It is worth mentioning that on November 17, the two heads of China and Israel made special mention of the cooperation between China and Israel in creating landmark projects such as the "Shanghai Innovation Hub". "Innovation has become the highlight and the booster of the relationship between the two countries."