Industrial cloud CAE company Supreium secures financing for global expansion
Chinese cloud CAE company Supreium recently announced the closing of its series A and A+ financing, led by IDG Capital and Sequoia China, and followed by Asia America Multi-technology Association, ShuiMu Tsinghua Capital, and Fangxin Capital. The company will use proceeds for R&D investment, accelerating new product development and recruiting R&D talents, and further invest in marketing and brand building to create a “multi-level, multi-dimensional and multi-platform brand system”.
Founded in 2016 at Tsinghua University, Supreium focuses on the research and application of intelligent industrial design and computer-aided engineering. The company has provided high-performance digital solutions for many well-known enterprises at home and abroad, such as FAW Foundry, the foundry workshop of The First Automobile Manufacture Plant, and Baker Hughes, an international energy technology company.
In the past two years, Supreium has accumulated 3,000 registered users and aquired more than 300 paying customers. The company aims to achieve 40 million in revenue, with more than 10,000 users and more than 1,000 paying customers, according to 36Kr citing the company.
Supreium’s core product is a simulation cloud computing platform deployed on supercomputing, “智铸超云 (Zhi Zhu Chao Yun)”, which roughly translates to “Smart Casting Super Cloud”. The platform enables users to access CAE simulation services online via browsers. The approach helps enterprises to reduce the procurement, maintenance cost and usage threshold, as well as helps manufacturers to improve their CAE simulation design capability.
The company plans to accelerate its global expansion starting this year, and to compete with global software makers. “The anchor point is creating values for customers, not concepts like ‘independent’ and ‘innovation’,” Guo Zhipeng, founder and CEO of Supreium told 36Kr, ”domestic substitution is not for empty talks, and capable products will naturally get recognized by customers.”