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JunHe Assisted Qihoo 360 Technology Co., Ltd. in its Investment into the Cutting-edge AI Firm- Pensees

2019.05.21

JunHe successfully represented Qihoo 360 in its investment into Pensees for around four months’ efforts. This round of financing was led by Qihoo 360 and was co-invested by industrial capitals including Foxconn, the amount of investment was up to RMB 150 million.


Pensees is a cutting-edge AI firm focused on computer vision and IOT and provides comprehensive applied solutions. Its end-to-end, software and hardware-to-algorithm product system was self-developed and its mature, practical and all-around solutions are introduced to solve the managing demands in comprehensive situations. Pensees has introduced its solutions in more than 50 cities and has served over 100 clients since it was founded, the services include setting dynamic face recognition dots throughout the country and safeguarding in a series of nation-level events.


As a leading Internet and mobile safety product and service provider, Qihoo 360 has been dedicated in providing high-quality safety services and solutions. Qihoo 360’s investment in Pensees strengthened its AI technology in vertical industries. Qihoo 360 is planning to assist Pensees to spread its influence in AI vertical industries and Pensees will help in the layout of Qihoo 360’s city safety brain project.


The JunHe team provided a series of legal services including due diligence, drafting and reviewing a series of deal documents, participating in the demonstration and design of the deal structure, assisting in the negotiations and delivery under a tight timetable. The JunHe team’s high-quality, rigorous and efficient professionals were highly recognized by the clients.


The leading partners for the project were Ms. Yung Yung Janet Hui and Mr. ZHANG, Hongbin.


JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.