The large CAX (CAD / CAM / CAE) solution service provider plans to use the fund to attract talents and to support business expansion and research.
On July 6, 2021, Hoteamsoft announced it had raised CNY 1.18 billion in series B, led by Siliconharb Capital and Guotai Junan Ventures, and followed by F&G Venture, Haier, FutureX Capital and Forebright Capital. According to the company, the round of financing will be mainly used for attracting talents, business expansion and research. The company plans to introduce the first Cloud CAD product in China, upgrade high-performance intelligent manufacturing PLM products, and establish an SView 3D lightweight visualization application ecology.
Founded in 1993, the company has been a popular CAX (CAD / CAM / CAE) solution service provider. Through self-developed 3D CAD and PLM Software, it mainly provides downstream core intelligent manufacturing comprehensive solutions. The company's products have been applied in many fields, including aerospace, military industry, nuclear power and rail transit.
CAX market is a blue ocean with large potential. At present, Chinese-made CAX software only takes 7% of the total market. Data show that in 2019, China's industrial software product revenue reaches CNY 172 billion, with a CAGR of 20.34%. It is estimated that the market size will reach CNY 7.2 billion by 2027. It can be seen that the company has great industry prospects.