Huawei may buy the Russian company Vokord

    One of the largest smartphone manufacturers in the world is interested in Russian technologies . Vokord company, the leading Russian developer and manufacturer of professional video surveillance systems and audio recordings, fell into the field of vision of Chinese Huawei. In the company's product portfolio:

    • facial recognition systems VOCORD FaceControl and VOCORD FaceControl 3D, designed for biometric identification by human face;
    • systems for photo and video recording of traffic violations and traffic flow analytics;
    • systems of intelligent video surveillance and audio recording, on the basis of which complex geographically distributed projects are implemented.

    The face recognition algorithms developed by the company rank first in the world in the international ranking of the University of Washington (Megaface contest). Vokorda products are entirely their own developments, the company's specialists carry out the entire production cycle from scratch: they develop, design and manufacture all their own products.

    It’s easy to guess why Huawei wants to buy one of the best face recognition systems in the world, which is also not burdened with patents. Vokord is one of the strongest players in the face recognition market in Russia, and Huawei just opened a research center in the field of artificial intelligence, which needs staff, explained Alexander Khanin, general director and founder of VisionLabs.


    VOCORD FaceControl 3D

    Three sources on the marketthey told Kommersant that Vokord could be sold to a foreign investor. According to two of them, Chinese Huawei is interested in acquiring the company.

    However, all this is still at the level of rumors. The Vokorda press service did not confirm the information; Huawei declined to comment.

    According to experts, Vokord CJSC can be valued at between $ 2-3 million and $ 20-30 million.

    In the field of biometric technologies, including speech recognition, speech recognition, voice verification, etc., Russian developments are traditionally among the best in the world. Naturally, they attract the attention of investors. For example, recently the British BeMyEye acquired the Russian Streetbee in exchange for 20% of its shares, Kommersant writes. Its software recognizes images and analyzes the status of shelves in retail outlets. In October, Reuters reported that Sberbank could buy a speech recognition system developer, the Speech Technology Center, from Gazprombank structures for about 5 billion rubles. At the end of 2017, the same Sberbank acquired 25.07% of VisionLabs, which creates facial recognition software.

    According to Orange Business Services, the annual volume of the corporate video analytics market by 2023 will be about € 20 million in Russia. Technologies can be used for security and identification in financial and state institutions.

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