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Aibee

Category: AI in Analytics & BI

An AI company providing total solutions for the digital transformation and upgrade of physical spaces. Aibee was founded in 2017. The company is led by Dr. Lin Yuanqing. Based in Beijing, China. Team size: 201-500. Total funding raised: $175M. Latest round: Series C. Key investors include Xiaomi Group, Sequoia Capital China, China Renaissance, ZhenFund, Sinovation Ventures, GL Ventures, China Merchants Capital.

Founded
2017
Headquarters
Beijing, China
Team size
201-500
Total funding
$175M

Value proposition

Empowering physical spaces with AI to comprehensively understand and manage operations, leading to improved efficiency, better customer experiences, and increased revenue.

Products and solutions

AI-powered Checkout Systems, In-store Customer Behavior Analysis, Digital Twin Platforms for Operations Management, Precision Marketing Tools, Smart Parking Solutions

Unique value

Aibee focuses on a 'full-stack' solution that deeply integrates various AI technologies (computer vision, speech recognition, NLP, big data analytics) to create a holistic digital twin of a physical space, rather than providing single-point technology.

Target customer

Large-scale offline retailers, shopping malls, supermarkets, airports, and other physical spaces.

Industries served

Retail, Shopping Malls, Airports, Hospitality, Tourism

Technology advantage

Proprietary algorithms for large-scale, real-time tracking and analysis of people, objects, and environments, with a focus on delivering actionable business insights for offline operations.

How they differentiate

While competitors often provide broader, horizontal AI platforms (e.g., facial recognition as a service), Aibee is highly specialized in vertically-integrated solutions tailored specifically for the operational challenges of offline retail and other physical venues.

Main competitors

SenseTime, Megvii (Face++), CloudWalk Technology

Key partnerships

Xiaomi Group, Wanda Group, CR Vanguard, Red Star Macalline

Notable customers

Wanda Group (over 300 malls), K11, Beijing Capital International Airport (BCIA), CR Vanguard, Red Star Macalline

Major milestones

Achieved unicorn status ($1B+ valuation) in March 2022., Completed one of the world's largest smart parking projects at Beijing Capital International Airport., Secured a strategic investment from Xiaomi to deepen collaboration in AI applications.

Growth metrics

Deployed solutions in over 400 large shopping malls and thousands of retail stores across China.

Market positioning

A leading provider of AI-powered digital transformation solutions for the physical retail sector in China.

Geographic focus

Primarily focused on the Greater China market, with exploratory expansion into Southeast Asia.

Patents and IP

Aibee and its founder hold numerous patents in computer vision, deep learning, and multi-modal sensor fusion.

About Dr. Lin Yuanqing

Former President of Baidu Research Institute and Director of Baidu's Institute of Deep Learning with PhD in Electrical Engineering from University of Pennsylvania and Master's in Optical Engineering from Tsinghua University. Led teams to achieve world-leading results in computer vision technology and won prestigious man-machine competitions. Selected as high-level overseas talent in Beijing in 2016. Previously served as Head of Media Analysis Department at NEC Labs America and held leadership roles in national AI research initiatives. Founded Aibee in November 2017, building China's leading AI startup that provides comprehensive artificial intelligence solutions for retail, education, finance, and real estate industries. Under his leadership, Aibee raised over $170 million in funding, achieved $740 million valuation, and now serves over 100 major shopping malls across China with advanced AI technologies including computer vision, speech recognition, natural language processing, and big data analytics for retail digitization and business transformation.

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