Gritworld Secures USD Tens of Mn of B2 Funding Round with BYD Leading

Technology Author: Notrice Aug 29, 2023 08:34 PM (GMT+8)

EqualOcean has learned that Gritworld(粒界科技), a technology company, has recently announced the completion of a USD tens of million B2 funding round. This round was led by BYD(比亚迪), with Lighthouse Capital(光源资本) as the exclusive financial advisor for this round.

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Gritworld, founded in 2015 and headquartered in Frankfurt, Germany, established its Shanghai headquarters in 2018, with a focus on providing next-generation computer graphics engine technology. Through nearly eight years of relentless research and development, Gritworld has built robust foundational capabilities in graphics engines, with the vision of becoming a global leader in graphics technology, thereby enabling the new generation of intelligent graphics engines to serve various industries.

Gritworld's intelligent heterogeneous graphics engine, GritGene, has the capability to span different devices and industries. It provides high-quality, low-power graphics computing technology and tools for mobile phones, tablets, smart cockpits, XR devices, and more. Additionally, it offers professional graphic tools and solutions for fields such as digital twins, digital effects, simulation and emulation, education, and healthcare.

Currently, Gritworld has established deep collaborations with numerous leading companies in sectors like animation, smart cities, and augmented reality, including China Unicom(中国联通), New World Group(新世界集团), and Sparkly Key(玄机科技), among others.

Graphics engines hold significant value in various domains, with a crucial role in the 3D gaming industry. According to a report by Beizhesi Information(贝哲斯信息咨询), the global 3D gaming engine market is predicted to reach CNY 16.842 billion by 2022, with the Chinese market reaching CNY 1.511 billion. By 2028, it is expected that the global 3D gaming engine market will grow to CNY 39.181 billion, with an estimated annual compound growth rate of 15.11%. Currently, well-known graphics engine companies worldwide include Unity, Unreal, Xuanguang Technology(渲光科技), Electric Soul Network(电魂网络), Silkroad Visual(丝路视觉), and Origo Engine(起点引擎).

Since its inception, Gritworld has received support from leading investment firms including Tencent Investment(腾讯投资), Baidu Venture(百度风投), Poly Capital(保利资本), Jianxin Trust(建信信托), Wuxi Innovation Investment(锡创投), GL Ventures(高瓴创投),C Capital(C资本), Linear Capital(线性资本), Langmafeng VC(朗玛峰资本), Jiangmen Capital(将门创投), and Creo Capital(六脉资本).