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Manycore Tech Inc.

Category: AI Infrastructure

Manycore Tech is a Chinese spatial intelligence company, originally a cloud-based 3D interior design software platform (Kujiale/Coohom), now pivoting into spatial AI, embodied intelligence, and robotics simulation powered by its vast 3D dataset. Manycore Tech Inc. was founded in 2011. The company is led by Hang Chen (Chen Hang). Based in Hangzhou, Zhejiang, China. Total funding raised: $1.43B. Latest round: IPO. Key investors include IDG Capital, Hillhouse Investment, Coatue Management, GGV Capital, Shunwei Capital, Matrix Partners China, Yunqi Capital, Linear Venture.

Founded
2011
Headquarters
Hangzhou, Zhejiang, China
Total funding
$1.43B

Value proposition

The world's largest spatial design platform with 500M+ structured 3D indoor scenes, now pivoting to spatial intelligence — providing AI training data, physics simulators, and spatial understanding models for robotics, embodied AI, AR/VR, and industrial applications.

Products and solutions

Kujiale (China's leading 3D cloud interior design platform), Coohom (international version), KooSpace (commercial/public decoration design), SpatialVerse (spatial intelligence platform for AI/robotics training), SpatialLM (open-source spatial language model), SpatialGen (3D scene generation), LuxReal (3D AI content creation), Aholo (spatial intelligence open platform), Meijian (creative content cloud design)

Unique value

Leverages the world's largest dataset of structured indoor 3D environments (500M+ scenes) accumulated over 14 years from its Kujiale design platform to train spatial AI models, enabling a unique data flywheel that competitors cannot replicate.

Target customer

Interior designers, home furnishing enterprises, real estate companies, AR/VR developers, robotics companies, embodied AI developers, industrial manufacturers, e-commerce brands

Industries served

Interior Design, Home Furnishing, Real Estate, E-commerce, Robotics/Embodied AI, AR/VR/XR, Film & Television, Smart Manufacturing, Digital Education

Technology advantage

GPU-accelerated cloud rendering with end-cloud collaboration enabling 10-second rendering speeds; proprietary dual-engine technologies (Manycore Qizhen for rendering, Manycore Juzhen for CAD); largest structured 3D indoor dataset globally; SpatialLM/SpatialGen open-source models trained on 10B+ parameters; SpatialVerse physics simulator for embodied AI training; built on NVIDIA CUDA infrastructure; 56.5% market share in China's spatial design software market.

How they differentiate

Massive proprietary 3D indoor dataset (500M+ structured scenes, 440M product models) accumulated over 14 years; end-to-end spatial intelligence stack from data generation to AI model training to physics simulation; open-source spatial AI models (SpatialLM); GPU-native architecture built on NVIDIA CUDA; "world's first publicly listed spatial intelligence company."

Main competitors

Autodesk (US CAD/design software giant), Homestyler (Alibaba-backed 3D home design platform), Various Chinese SaaS spatial design tools

Key partnerships

NVIDIA (CUDA/GPU computing), AgiBot (robotics/embodied AI), Hesai Technology (lidar), PICO (XR/VR), Galaxy General (robotics), Hangcha Group, Huace Film & TV, Aosom (e-commerce)

Notable customers

Kuka Home, Oppein, Beike, 45,500+ enterprise customers and 414,000+ individual customers across 200+ countries

Major milestones

2011: Founded by three UIUC/ZJU graduates, 2013: Launched Kujiale cloud 3D design platform, 2018: Launched Coohom internationally, 2019: Reached $1B unicorn valuation, 2020: $82M Series E at $2B valuation, 2021: Acquired Meijian, filed for US IPO (withdrew), 2023: Launched Kujiale AI and AIGC Lab, 2024: Open-sourced SpatialLM, launched SpatialVerse, 2025: Filed for HK IPO, 2025 Dec: Launched Aholo spatial intelligence open platform, 2026 Apr 17: Listed on HKEX (Stock code: 00068.HK) raising HKD 1.224B, surged ~144% on debut, reached ~$4B market cap

Growth metrics

Revenue CN¥820M (2025); gross margin 82.2%; adjusted net profit CN¥57.1M (first profitable year); 86.3M avg monthly active visitors; 414K+ individual customers; 45.5K+ enterprise customers; 500M+ structured 3D indoor scenes; 440M product models; ~1,263 employees (Dec 2025); IPO raised HKD 1.224B (~$157M); ~$4B market cap on debut

Market positioning

World's largest spatial design platform by monthly active users (86.3M avg MAU) and China's largest spatial design software provider by revenue as of 2024 with ~23.2% market share (per Frost & Sullivan). Now positioning as the world's first publicly listed spatial intelligence company — one of Hangzhou's "Six Little Dragons" alongside DeepSeek and Deep Robotics.

Geographic focus

Primary: China (~23.2% market share); Secondary: Global (200+ countries via Coohom)

Patents and IP

Core proprietary IP includes the 10B+ parameter multimodal spatial model, SpatialLM/SpatialLM 1.5 architecture, SpatialGen scene generation models, Manycore Qizhen rendering engine, Manycore Juzhen CAD engine, SpatialVerse physics simulation platform. Open-sourced SpatialLM on GitHub and Hugging Face (manycore-research).

About Hang Chen (Chen Hang)

Co-founder of Manycore Tech (2011-present). Graduated from Zhejiang University Chu Kochen Honors College and University of Illinois Urbana-Champaign (M.S.). Prior experience includes software engineering roles before founding Manycore. Co-founded the company with fellow UIUC and ZJU alumni.

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