TUNICORN TECHNOLOGY

About TUNICORN TECHNOLOGY

Established in Shanghai in 2014, TUNICORN TECHNOLOGY operates at the intersection of artificial intelligence and machine vision, providing advanced technology solutions to a diverse client base. The company was co-founded by CEO Wei Jingjing, who holds a master's degree in computer science from the University of Science and Technology of China and has prior experience at IBM and as an investment director. This background in both technology and venture capital has shaped the company's focus on commercially viable applications.

Tunicorn Technology specializes in the development of computer vision technology with applications in video and image recognition, search functionalities, face recognition, and motion tracking. The firm's core business involves creating and deploying these technologies for clients in sectors such as security surveillance, advertising media, internet security, and various internet applications. By leveraging deep learning and computer vision algorithms, the company enables the identification, detection, and tracking of objects in both static images and moving video. The technology has been recognized for its performance in global video search competitions.

The company's business model is centered on providing both software and integrated hardware-software AI visual solutions. For the retail sector, Tunicorn offers products like smart shelf analysis, intelligent customer flow analysis, and smart marketing analysis. In the public sector, it has developed solutions for smart public security, communities, and hospitals. A significant application of its technology is in the industrial space, where it has created a cover glass inspection system used by manufacturers of screen glass for major electronics brands like Huawei and Apple. The firm has established partnerships with notable companies including Alibaba, China Mobile, SF Express, and Bank of China. Tunicorn Technology has secured significant financial backing, raising a total of $39.3 million over two funding rounds, with a substantial Series A round of $37.8 million in December 2017 led by Cowin Capital.