US-based motion sensor developer Orbbec has raised more than $200m in a series D round led by Ant Financial, e-commerce group Alibaba’s financial services affiliate, China Money Network reported today.
The round included diversified conglomerate Fosun, which invested through its Fosun RZ Capital unit, as well as SAIF Partners, Green Pine Capital Partners and Tianlangxing Capital.
Orbbec develops and supplies 3D motion sensors for products such as mobile devices, robotics and smart home devices in order to facilitate local geospatial mapping and face, body and gesture recognition.
The company’s products include a 3D camera called Astra and Persee, a ‘camera-computer’ that can plug into a smart televisions to fulfil functions such as controlling automated home devices.
Orbbec, which was founded in China in 2012, has not disclosed details of earlier funding, or how it plans to spend the proceeds from the series D round.
– Image courtesy of Orbbec 3D.