# Internet Based Engineering

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/internet-based-engineering

- Industry: Software
- Headquarters: Beijing, China
- Website: www.ibe.cn/
- Latest round: Series A (Mar 15, 2021)
- Investors on record: 3

## About

Established in 2014 and based in Beijing, China. Internet Based Engineering operates as an industrial Internet platform development company that focuses on the popularization and localization of simulation technologies and software. It has branch offices in Shanghai, Chengdu, Guangzhou, and other cities. The company was recognized as the National High-tech Enterprise. It has a team of more than 500 scientists and engineers. In March 2024, Internet Based Engineering raised a strategic investment for CNY 700 million.

Internet Based Engineering's main business is simulation solutions. It provides simulation software private customization services and consulting services for enterprises. The company developed a general multi-physics simulation PaaS platform, Simdroid, which is equipped with implicit structural analysis, explicit dynamic analysis, fluid analysis, and other functions. Products can be used in the fields of electronics and electric power, petroleum and petrochemicals, aerospace, automobile and shipbuilding, and equipment.

The company generates revenue from providing proprietary simulation software and simulation technology services.

The company will use the funding for product development and expansion. It will strengthen the research and development of solvers for solid mechanics and fluid mechanics and accelerate the commercialization of engineering module products in the chip field.

## Funding rounds

- Series A, Mar 15, 2021 — Habo Capital
- Series A, Dec 17, 2020 — Hong Shan
- Angel, Jun 29, 2016 — Loyalty and Evergreen Investment Management

## Investors

- Loyalty and Evergreen Investment Management (https://capitalatlas.ai/funds/loyalty-and-evergreen-investment-management) — Angel
- Hong Shan — Series A
- Habo Capital (https://capitalatlas.ai/funds/habo-capital) — Series A