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Industrial simulation software company Shifeng Technology completed two rounds of financing of hundreds of millions of yuan, led by Hillhouse Venture Capital and China Development Bank Science and Technology

36Kr learned that Shenzhen Shifeng Technology, a domestic industrial simulation software company, recently completed a round of A and A+ rounds of financing of hundreds of millions of yuan. Among them, the A round was exclusively led by Hillhouse Venture Capital; the A+ round was jointly led by the national science and technology investment platform CdB Science and Technology Innovation and Hillhouse Venture Capital. Participating institutions include Guangzhou Knowledge City Group, Shenzhen Angel Fund of Funds, Nanshan Pilot Talent Fund and more than ten others.

With the completion of this financing, Shifeng Technology will further increase the independent research and development efforts and depth of engineering simulation/CAE core software and technology, accelerate the application of the company's core software and industrial digital twin system in many key industries, and promote the national business layout to create a business system that develops in synergy with the regional industrial economy.

Industrial simulation software company Shifeng Technology completed two rounds of financing of hundreds of millions of yuan, led by Hillhouse Venture Capital and China Development Bank Science and Technology

Shifeng Technology Headquarters in Nanshan, Shenzhen

Founded by Mr. Chen Shiyi, an academician of the Chinese Academy of Sciences and an internationally renowned computational fluid dynamicist, Shifeng Technology is committed to the research and development and engineering application of multiphysics simulation and digital twin technology, and creating high-end industrial simulation software in China. Headquartered in Nanshan, Shenzhen, the company has regional industrialization bases in Beijing, Guangzhou, Taizhou, Jiaxing, Nanchang, Xi'an and other places.

Now, the company has assembled a strong research and development team. The core members are composed of doctors and postdoctoral fellows from well-known universities at home and abroad, and have participated in many national independent CAE software and core technology research and development projects. The company has also absorbed a number of international mainstream commercial industrial simulation software company R & D personnel, has long been involved in the development of CAE software and core technology with international market competitiveness.

Industrial simulation software company Shifeng Technology completed two rounds of financing of hundreds of millions of yuan, led by Hillhouse Venture Capital and China Development Bank Science and Technology

Shifeng technology products and technologies have been successfully applied to aerospace, new energy, automobile manufacturing and other fields

Academician Chen Shiyi, founder of Shifeng Technology, said that the mainland is the only country in the world with a complete industrial system, and is currently in the process of development from a manufacturing power to a manufacturing power, and industrial software is widely used and in demand in China. Industrial software is the core competitiveness of industrial digital transformation and intelligent manufacturing, and it is also a key factor in the development of advanced manufacturing. The Ministry of Industry and Information Technology has taken industrial software as the key breakthrough direction of the "14th Five-Year Plan", and all provinces and cities across the country are actively promoting the high-quality development of industrial software.

"Adhering to the market vision of 'dedicating the feast of industrial software', Shifeng Technology continues to develop new technologies, expand product richness, continue to develop independent and controllable core technology competitiveness, and consolidate product application scenarios and scale." Academician Chen Eleven pointed out.

In terms of technical path, Shifeng Technology has developed a general core software for multidisciplinary joint simulation needs, such as QFLUX, general particle flow simulation software TF-Particle, microflow simulation software TF-MicroFlow, universal explicit dynamics simulation software TF-Dyna, and general structural mechanics analysis software TF-Struct with the international advanced level.

Based on the above core software, Shifeng Technology has further encapsulated a series of industry-specific design software for electronics/electrical appliances, new energy (wind power), ships, automobiles and other application fields. For example: SimFARM numerical wind farm software, TF-ETherm electronic system thermal simulation software, TF-Lattice automotive aerodynamic simulation software, etc.

In the past year, the company's self-developed fluid mechanics simulation software QFLUX has won several industry awards. Including: "2021 Digital Expo Industrial APP Integration Innovation Competition" first prize (1st place), "2021 Digital Simulation Technology Award - Independent Software Innovation Award", "2021 Shenzhen Software Industry Recommended Excellent Products", "The 23rd China International High-tech Achievements Fair Excellent Product Award" and so on.

Industrial simulation software company Shifeng Technology completed two rounds of financing of hundreds of millions of yuan, led by Hillhouse Venture Capital and China Development Bank Science and Technology

Shifeng Technology independent industrial simulation software system

"At present, the domestic CAE software market is completely monopolized by foreign software manufacturers. According to the statistics of the "China Industrial Software Industry White Paper (2020)", 95% of domestic R&D and design industrial software depends on imports, and none of the top ten suppliers in the domestic CAE software market are domestic manufacturers. On the other hand, the "Made in China 2025 Key Areas Technology Roadmap" proposes that by 2025, most of the core technologies will make breakthroughs, form an independent and controllable operating system and industrial software and its standard system, and the market share of independent industrial software will exceed 50%. There is a huge gap between the current status and vision of the development of autonomous industrial software." Yu Jiang, president of CDB Science and Technology Innovation, pointed out.

Yu Jiang stressed that "the development of advanced, independent and controllable core software is not only an inevitable demand for the development of the high-end equipment industry, but also a national strategy." It is believed that under the leadership of Academician Chen Shiyi and under the leadership of its core team, Shifeng Technology will make every effort to create independent core software and technology that can compete with foreign mainstream commercial software in an all-round way in the field of industrial R&D and design software such as CAE; through market competition, establish the technology and market leadership of independent software in the domestic industrial software market (especially in the field of high-end equipment research and development), and become the mainstay of advanced independent industrial software in China."

Industrial simulation software company Shifeng Technology completed two rounds of financing of hundreds of millions of yuan, led by Hillhouse Venture Capital and China Development Bank Science and Technology

The QFLUX software of Shifeng Technology improves the design accuracy and efficiency of large aircraft through simulation

Li Qiang, a partner at Hillhouse Venture Capital, said that industrial software is an important direction for Hillhouse's focus and continuous layout. In the process of moving towards an industrial power, having independent and controllable industrial software is not only a just need to break through the "card neck" dilemma at present, but also the infrastructure for the long-term development of mainland industry. Among them, the research and development of industrial simulation software especially requires strong and continuous intellectual innovation, including numerical algorithms, advanced physical models, hardware and software fusion technologies, etc.

Li Qiang said that Shifeng Technology has formed a domestic top industrial simulation software research and development team by continuously absorbing the world's top talents, and through extensive cooperation with top universities, it has continuously promoted the construction of the 'industrial software talent pool' and explored a new path for the coordinated development of localization of industrial software. China is the only country in the world with a complete industrial system, with the specific foundation and soil for the birth of global industrial software, optimistic about the scientific research strength of Shifeng Technology and the ability to open up 'production, education and research'.

At present, Shifeng Technology's products and technologies have been applied in many engineering and technical fields such as aerospace, shipbuilding and marine engineering, electronic and electrical appliances, machinery manufacturing, clean energy, etc., and are an important choice for China's manufacturing industry to seek advanced, efficient and independent controllable research and development platforms or technical solutions.

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