Text｜Elegance
Editor｜Peng Xiaoqiu
36氪 was informed that the industrial software company “Tianyu Software” has recently completed the C round of financing of several hundred million yuan. This round of financing was jointly led by GGV Capital and Legend Capital, and the old shareholder Yunqi Capital continued to add. The financing amount will be mainly used to enhance R&D strength and improve the commercialization and promotion capabilities of products such as design, simulation, optimization, data analysis, and fault diagnosis.
Founded in 2011, “Tianyu Software” is positioned as a global leader in the next generation of intelligent design. Its main products include a series of general software for the industry: intelligent thermal fluid simulation software AICFD, intelligent structural simulation software AIFEM, intelligent optimization software AIPOD, intelligent data Modeling software DTEmpower; self-developed industry-specific software includes AITurbo, an integrated software for intelligent rotating machinery design, operation and maintenance, and AIPIPE, an integrated software for intelligent pipeline design, operation and maintenance.
Industrial software can be seen as one of the metrics for measuring the level of manufacturing. Its categories are complex, including four major categories: design and development, production control, management and operation, and embedded software. The Chinese market, as the only country with a complete industrial system in the world, has always been insufficient in its self-sufficiency rate of industrial software. The most difficult replacements are mainly industrial design software such as CAD, CAE, and EDA. It can be understood that CAD has replaced manual drawing, and CAE has replaced physical testing. , EDA is an essential tool for chip design.
But at the same time, this also means a larger room for growth of domestic industrial software. According to data from the United Nations Statistics Division, China’s industrial output value accounted for 28.40% of the world’s total in 2018; the Foresight Economist data shows that my country’s industrial software product revenue is 168 billion yuan; CCID Consulting data shows that the global industrial software market size is 410.7 billion US dollars According to this calculation, the market size of industrial software accounts for only 5.73% of the global market, which is nearly 5 times larger than the scale of industrial output.
Zhang Ming, the founder of “Tianyu Software”, said to 36氪 that industrial software is an industry with long slopes and thick snow, and it takes a lot of time and persistence to see returns, and today there are relatively some commercialized and mature inflection points. appear. “Tianxuan Software” takes a purely independent and controllable path. It is simply understood that the products are all positive research and development, and they write their own code.
In addition, “Tianyu Software” is the first in the industry to integrate AI algorithms with industrial design software development . Zhang Ming also told 36氪 that it is more effective to constantly arm its own products with new technologies such as artificial intelligence and machine learning. Possibility of overtaking.
“Tianyu Software” integrated platform
In the more than ten years of development of “Tianxuan Software”, it has served more than 400 customers, covering energy and power, marine, aerospace, automobile, home appliances, electronics and other industries. For industrial software, only by interacting with customers and jointly polishing products can we further understand the scene requirements.
This is also one of the advantages of “Tianyu Software”. For “Tianxuan Software”, it is not only CAE, but more importantly, it redefines the way designers work through the intelligent design, operation and maintenance integration platform (DesignCenter). Joint research and development with customers, coupled with the empowerment of new technologies, simplifying complexity, and possessing high-speed, high-complexity, and high-precision simulation capabilities are “Tianxuan Software”‘s understanding of industrial CAE.
At the end of July, “Tianyu Software” will release new versions (2022R2) of various products, AICFD will fully upgrade the rotating machinery and electronic cooling modules, AIFEM will upgrade the interface and solving performance, and AIPOD will provide a richer Design of Experiments (DOE) Algorithm and post-processing functions, DTEmpower adds time series toolkit, AIPIPE adds piping component types, specification types, and material library types.
In terms of team, the founder, Dr. Ming Zhang, was the technical director of ANSYS Japan, an internationally renowned simulation software company, and the general manager of Blue Ridge Numerics Japan.
Investor’s point of view:
Jixun Fu, the global managing partner of GGV Capital, said: “CAE is an important basic software for advanced manufacturing. With the continuous improvement of manufacturing precision and efficiency, the demand for CAE software will increase. The “Tianhu” team has a solid The ability and experience of industrial software development and application, and the combination of AI algorithm and CAE software, in the 11 years since its establishment, it has continuously polished and iterated products and accumulated customer resources. We believe that under the leadership of the founding team, Tianxuan Software will continue to make breakthroughs and eventually become a world-class supplier of industrial R&D design software. “
Legend Capital said: “As the core field of industrial “stuck neck”, R&D and design industrial software is the key infrastructure for my country’s industrial core technology to be independently controllable. After more than ten years of technology accumulation and product iteration, the Tianxuan team is in the attack on CAE. In addition to core algorithms such as solvers, it has developed a variety of intelligent industrial design software based on actual engineering scenarios, and actively promoted the implementation of AI algorithms in the field of high-end R&D and design. Legend is optimistic about the excellent team, independent tackling ability, and “Tianxuan”. The integrated innovation direction of AI + simulation + optimization + operation and maintenance” will continue to support the development and growth of Tianxuan on the road of localization. “
Han Yi, executive director of Yunqi Capital, an old shareholder, said: “Industrial software needs the company of long-slope and back-snow, so the long-term company of the team and the persistence of people are the most scarce elements, and this can be clearly seen in “Tianxuan”. In addition, the accumulation in specific scenarios and fields is also the uniqueness and advantage of “Tianxuan”. The opportunities of domestic industrial software need to be seized by teams who can understand innovation and positive R&D, and be optimistic about the spark created by the “Tianxuan” team and opportunities. ”
Author business card
36 krypton South China
media coverage
100 million euros 36Kr investment community startup Bangtou China.com
This article is reprinted from: https://readhub.cn/topic/8hLJIFeGu3x
This site is for inclusion only, and the copyright belongs to the original author.