Citing data from research firm Frost & Sullivan, Manycore touted its position as “the world’s largest spatial design platform, as measured by the number of average monthly active users in 2023, and also the largest software provider in China’s spatial design industry as measured by revenue” in the same year, according to the start-up’s filing on Friday.
Spatial design deals with a more conceptual and analytical approach to studying how spaces affect human behaviour and social interaction. By comparison, interior design focuses more on the practical and aesthetic elements that make spaces functional and visually appealing.
Founded in 2011 by three Chinese graduates of the University of Illinois Urbana-Champaign, Manycore has raised funds from major investment firms including IDG Capital, Hillhouse Investment and Coatue Management. Manycore’s valuation reached US$2 billion after a funding round in 2020, according to furnishing industrial media 77d.
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