# Haifang Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/haifang-technology

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.multisimtech.com
- Latest round: Series A (Mar 8, 2024)
- Investors on record: 2

## About

Based in Hangzhou, China, and founded in 2018, Haifang Technology is a software company that specializes in developing domestic CAE simulation software.  It established a joint simulation laboratory with Beihang University in 2019 and acquired CMMI3 certification in 2020. In 2023, the company obtained Specialized, Refined, Featured, and Original SMEs in Shanghai. In March 2024, Haifang Technology closed a series A funding.

The company is committed to the simulation algorithm and software development of lithium battery cell design and process, wind power pneumatic structure integration design, and oil/petrochemical processes. It has developed the MultiSim series of lithium battery electrochemical virtual design simulation solvers and software, wind turbine blade CFD structural mechanics coupling solvers and software, etc. The clients include Ningde Times, Beehive Energy, and other companies.

The company will use the series A funds for CAE simulation software algorithm and software development, software function improvement, and market development.

## Funding rounds

- Series A, Mar 8, 2024 — Yisheng Capital, Bank of Communications Investment

## Investors

- Yisheng Capital — Series A
- Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series A