HongShan-backed software developer IBE closes $97.2m in strategic financing

HongShan-backed software developer IBE closes $97.2m in strategic financing

Photo from Beijing Internet Based Engineering (IBE)

Beijing Internet Based Engineering (IBE), a Chinese industrial software developer backed by the country’s venture capital (VC) major HongShan, has secured 700 million yuan ($97.2 million) in strategic financing to help various industries improve product designs and assist in the resolution of engineering problems.

Edited by: Joymitra Rai