Manycore Tech Inc. (Manycore; ) is a Chinese software company that focuses on spatial design with its main

CAD Computer-aided design (CAD) is the use of computers (or ) to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer, improve the quality of design, improve c ...

platform being Kujiale as well as its international version Coohom. According to

Frost & Sullivan Frost & Sullivan is an American business consulting firm. It offers market research and analysis, growth strategy consulting, and corporate training. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is in Sa ...

in 2023, it was the world's largest spatial design platform average monthly active users as well as the largest software provider in China's spatial design industry by revenue.

Background

Manycore was founded in 2011 by three graduates of the

University of Illinois Urbana-Champaign The University of Illinois Urbana-Champaign (UIUC, U of I, Illinois, or University of Illinois) is a public university, public land-grant university, land-grant research university in the Champaign–Urbana metropolitan area, Illinois, United ...

. Investors of the company included

IDG Capital IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions. History The firm, founded in 1992, was an early investor of Baidu, Tencent, Xiaomi, ...

Hillhouse Investment Hillhouse Investment Management Ltd. is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast A ...

and

Coatue Management Coatue is an American technology-focused investment management firm led by founder and portfolio manager Philippe Laffont. Coatue invests in both public and private markets, with a focus on technology, media, telecommunications, as well as the c ...

. In 2013, Manycore launched its flagship product Kujiale which allows users to create 3D renderings of home interior layouts. Kujiale uses the

software as a service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...

model that relies on

cloud computing Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to International Organization for ...

to give users access to massive computing power and very fast rendering services. In 2018, Manycore launched Coohom which was the international version of Kujiale. In 2021, Manycore applied for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) on the

Nasdaq The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

. However Manycore did not proceed with it as during the time, the Chinese government was cracking down on the country's tech sector. On 20 November 2024, Manycore launched SpatialVerse, a spatial intelligence platform for

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

development in indoor environments. On 14 February 2025, Manycore applied for an IPO on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

References

External links

www.kujiale.com
(Kujiale Website)
www.coohom.com
(Coohom Website) {{Authority control 2011 establishments in China Companies based in Hangzhou Software companies of China

Background

See also

References

External links