Beijing Boyarui Vision Technology

About Beijing Boyarui Vision Technology

Beijing Boyarui Vision Technology, established in July 2017, operates as a high-tech enterprise focused on providing intelligent video solutions. The company was spun out from the National Engineering Research Center for Video and Visual Technology at Peking University, commercializing its technological developments. The founder, Dr. Wang Tingshe, also serves as the deputy researcher at the Institute of Digital Media, Peking University and director of the algorithm and standard research office at the National Engineering Research Center for Video and Visual Technology. His academic and research background in video technology is foundational to the company's core competencies, having received the first prize of the National Technology Invention Award. Co-founder and general manager, Han Wei, is a graduate of Peking University's Guanghua School of Management with over two decades of entrepreneurial experience in the audio-visual sector.

The firm specializes in video codec technology, intelligent video processing, and immersive interactive experiences. A significant focus of the business is the development and promotion of China's homegrown Audio Video Coding Standard (AVS), aiming to create a self-reliant industrial ecosystem. Boyarui Vision was deeply involved in setting the AVS3 standard, which offers a substantial video compression efficiency improvement over previous standards like H.265. Its business model centers on providing a combination of software and hardware solutions to a client base that has expanded from the broadcasting and television sector to over 500 customers across government, military, and corporate entities. Monetization occurs through the sale of these integrated products and systems.

The company's product portfolio is extensive, including VR content production and display platforms, 8K ultra-high-definition VR live broadcast solutions, and intelligent video processing platforms. A key offering is the "Mingrui" series of domestically produced ultra-high-definition video systems, which supported the ultra-high-definition live broadcasts for events like the CCTV Winter Olympics. Boyarui Vision is also developing its own video processing chips to address the domestic need for AVS3-compatible hardware. The first chip supporting AVS3 encoding and GB35114 encryption was anticipated to be completed by the fourth quarter of 2024. The company has received significant financial backing, securing an angel round in May 2021 and a substantial A-round of RMB 100 million in March 2024 from JiuZhi Capital to fund chip R&D and market expansion.