WI Harper Group-backed Flexcompute Raises $22M to Accelerate Industrial R&D With Advanced Engineering Computing


WI Harper Group | November 2021 | Source: Flexcompute

Flexcompute, a company that develops proprietary simulation software and hardware, and provides these tools to customers with rigorous Research and Development (R&D) needs, has raised a $22 million Series B. The round was led by Coatue and included participation from: GGV, 3W Investment, and WI Harper Group. WI Harper initially led Flexcompute’s Series A round in November 2020.

Test result of Flexcompute’s EM application

FlexCompute was founded in April 2015 by professors Zongfu Yu, Qiqi Wang, and Shanhui Fan, with the vision to revolutionize computer simulation technology for R&D. The primary fields covered by its products are computational fluid dynamics (CFD) and electromagnetics (EM). Customers are able to access integrated online services, including simulation software and big computing facility. Simulations are performed in the FlexCompute cloud and the results are delivered to the users digitally. In addition, AI analytics is utilized to better identify parameters for future models, thus improving software quality.

The proceeds from the Series B round will support the expansion of Flexcompute’s world class team, and further the development of FlexCompute’s technology.

| About WI Harper Group

WI Harper is a pioneer and leading cross-border venture capital firm investing in early and expansion stage companies globally. With offices in San Francisco, Beijing, and Taipei, the firm actively oversees more than $1 billion in assets under management. Since inception nearly three decades ago, WI Harper has invested in over 400 startups and has successfully experienced more than 100 IPO and M&A exits.

We look for innovative companies and visionary founders in healthcare, technology and sustainability fields where there are high synergies and meaningful value added cross selling opportunities. While our healthcare team is presently honing on bioinformatics and digital biology, our technology team is focused blockchain, big data, analytics, artificial intelligence, AR/VR, IoT, robotics, drones, autonomous driving, as well as digital media and green energy projects.



WI Harper Group-backed Flexcompute Raises $22M to Accelerate Industrial R&D With Advanced Engineering Computing

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