Manycore Tech

Manycore Tech Inc.
Native name
杭州群核信息技术有限公司
Company type
Public
SEHK: 68
IndustryInformation technology
Founded9 November 2011; 14 years ago (2011-11-09)
Founders
  • Huang Xiaohuang
  • Chen Hang
  • Zhu Hao
HeadquartersHangzhou, Zhejiang, China
Key people
  • Huang Xiaohuang (Chairman)
  • Chen Hang (CEO)
Products
  • Kujiale
  • Coohom
  • SpatialVerse
RevenueIncrease CN¥663.54 million (2023)
Increase CN¥−646.10 million (2023)
Total assetsDecrease CN¥766.08 million (2023)
Total equityDecrease CN¥3.33 billion (2023)
Websitewww.kujiale.com
Footnotes / references
[1]

Manycore Tech Inc. (Manycore; Chinese: 群核科技; pinyin: Qúnhé Kējì) is a Chinese software company that focuses on spatial design with its main CAD platform being Kujiale as well as its international version Coohom.

According to Frost & Sullivan in 2023, it was the world's largest spatial design platform by average monthly active users as well as the largest software provider in China's spatial design industry by revenue.[2]

Background

Manycore was founded in 2011 by three graduates of the University of Illinois Urbana-Champaign.[2][3] Investors of the company included IDG Capital, Hillhouse Investment and Coatue Management.[2]

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 model that relies on cloud computing to give users access to massive computing power and very fast rendering services.[3]

In 2018, Manycore launched Coohom which was the international version of Kujiale.[4]

In 2021, Manycore applied for an initial public offering (IPO) on the Nasdaq.[3] However Manycore did not proceed with it as during the time, the Chinese government was cracking down on the country's tech sector.[2]

On 20 November 2024, Manycore launched SpatialVerse, a spatial intelligence platform for artificial intelligence development in indoor environments.[5]

On 14 February 2025, Manycore applied for an IPO on the Hong Kong Stock Exchange.[2] On 17 April 2026, Manycore held its IPO becoming a listed company.[6]

See also

References

  1. ^ "Offering document" (PDF). HKEX.
  2. ^ a b c d e Feng, Coco (15 February 2025). "Chinese spatial design firm Manycore Tech files for IPO in Hong Kong". South China Morning Post. Archived from the original on 15 February 2025. Retrieved 15 February 2025.
  3. ^ a b c Auchard, Eric (30 June 2021). "Interior Design Specialist Manycore Aims to Become China's Autodesk - Bamboo Works - China stock insights for global investors". Bamboo Works. Retrieved 15 February 2025.
  4. ^ Li, Jia (8 January 2019). "Kujiale Goes International: COOHOM Debuted at the High Point Market". EqualOcean. Archived from the original on 23 November 2020. Retrieved 15 February 2025.
  5. ^ 田, 哲 (16 February 2025). "群核科技发布空间智能平台SpatialVerse，加速具身智能、AIGC训练". 36kr. Archived from the original on 25 December 2024. Retrieved 15 February 2025.
  6. ^ Chen, Wency (17 April 2026). "Manycore, one of Hangzhou's 'Six Little Dragons', surges on Hong Kong IPO debut". South China Morning Post. Retrieved 17 April 2026.

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