# Flexcompute

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flexcompute

- Industry: Software
- Headquarters: Madison, US
- Website: www.flexcompute.com
- Total disclosed funding: $22M
- Latest round: Series B (Nov 29, 2021)
- Investors on record: 4

## About

Based in Boston, US, and founded in 2016, Flexcompute Inc. offers a SaaS (Software as a Service) platform for performing complex simulations in the core areas of hydrodynamics, and aerodynamics. The company was co-founded by Shanhui Fan, Qiqi Wang, and Zongfu Yu. In November 2021, Flexcompute Inc. raised USD 22 million in series B financing led by new investor Coatue Management, with participation from other new investors. 

The company develops and provides a cloud-based computational software called Flow360, which assists researchers and organizations in streamlining the design process of industrial and consumer products. The firm’s Computational Fluid Dynamics (CFD) platform simulates the real world or physical scenarios by analyzing fluid flows using numerical solution methods and differential equations and allows engineers and researchers to evaluate product performance before creating the prototypes. The company’s platform is used in the design process of electric cars, electric aircraft, wind turbines, and quantum computing chips, etc.

Flexcompute Inc. generates its revenue by charging a fee for simulation work done on its platform. The fee is calculated automatically by the firm's platform based on the complexity of the design model and the number of iterations.

The company will use the funding to scale up its team and execute its vision of engineering computing.

## Funding rounds

- Series B, Nov 29, 2021, $22M — Granite Asia, WI Harper Group, Coatue Management, 3W Investment

## Investors

- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B
- 3W Investment — Series B