3D models are locked in proprietary formats as soon as they are generated: Huanhui Technology leverages a conversion engine compatible with more than 90% of all common formats, aiming to build an independent and controllable data foundation for industrial scenarios.
Beijing Yuanhui Technology Co., Ltd. (hereinafter referred to as "Yuanhui Technology") is raising a new round of financing. Previously, this domestic 3D data conversion technology enterprise completed its Pre-A round of financing in December 2023, led by CAS Star, with institutional investors including Beijing Shensai Fund, Nanjing Critical Venture Capital and other institutions participating in the investment. According to public information, Yuanhui Technology was established in June 2019, positioned as a developer of multi-source heterogeneous 3D product data conversion technology, committed to building an independent and controllable data base for industrial scenarios.
Fragmented Industrial Data Caused by Format Barriers
In the global industrial software landscape, mainstream design software such as CATIA, NX, and Creo have long been dominated by foreign manufacturers, each adopting a private 3D data format. Once generated, 3D models are often locked in specific software systems, and their cross-system and cross-enterprise circulation relies on format conversion, which features multiple links, high distortion rate and high cost. With the improvement of product complexity and deepening of supply chain collaboration, the demand for 3D data invocation in design, process, manufacturing, operation and maintenance links continues to grow, and the data silo problem has been further amplified. 3D models carry the core design and process information of products, and whether their formats and conversion tools are independent and controllable is directly related to the sovereignty and security of industrial data.
In terms of market space, the *China Industrial Software Industry Development Research Report* released by the Fifth Institute of Electronics of the Ministry of Industry and Information Technology shows that the scale of China's industrial software market reached about 2940 billion yuan in 2024, accounting for 7.6% of the global share, and the market share of domestic products in all segmented fields has increased. According to another report by Xinhua News Agency in July 2024, by the end of 2023, the popularization rate of China's digital R&D and design tools reached 79.6%, but the domestic market share of R&D and design industrial software is about 10%, and there is still much room for independent substitution.
From Format Conversion Engine to Industrial Data Base
The core technical route of Yuanhui Technology is to convert multi-source heterogeneous 2D and 3D product data, attribute parameters, structured data, point cloud data and other data in industrial scenarios into a normalized, lightweight, visual and structured unified format, and then extend to R&D, manufacturing, delivery, operation and maintenance and industrial AI applications around this data base. According to the project information on 36Kr Venture Capital Platform, the conversion engine of Yuanhui Technology supports more than 400 versions of 28 mainstream CAD/BIM formats, covering more than 90% of the 3D product data formats in the Chinese market.
The right to speak on standards is the direction that Yuanhui Technology has invested in for a long time. On March 28, 2025, the national standard GB/T 45405-2025 *3D Product Data Visualization Application Format* was officially released, and Yuanhui Technology is the leading compiling unit of this standard. This standard standardizes the file structure of 3D product data, covering elements such as scenarios, product structure trees, geometric topology, materials, annotations, and review; Yuanhui Technology also promotes the combination of this standard with China's independent layout file format OFD to form the 3D OFD format, expanding the application boundary of 3D data in the field of electronic documents.
At the product level, Yuanhui Technology has built a complete system covering data access, governance, creation and editing, and intelligent applications: the Jige platform provides developers with a 3D capability integration toolbox, the Shuantuan platform undertakes the unified access and standardized governance of multi-modal data, the fusion editor compiles 3D digital models into interactive 3D operation guides, 3D Digital Model Exchange supports lossless conversion of multi-source CAD and structured parameter extraction, and the Ontology-PDV Industrial Cognitive Intelligent Hub makes 3D product data understandable, computable and inferable, providing a semantic knowledge base for industrial AI applications. The implementation scenarios include 3D model into workshop, 3D interactive electronic technical manual, etc., serving links such as industrial data governance, R&D collaboration, production and manufacturing, digital delivery and operation and maintenance support.
Commercialization Promotion and New Round of Financing
In terms of business model, Yuanhui Technology targets military equipment, non-military equipment manufacturing enterprises, ISVs and small and medium-sized enterprises, forming a commercial system with parallel standard software sales, AI intelligent applications, project services and ecological cooperation. According to the company's public information, Yuanhui Technology is a national high-tech enterprise, a "Specialized, Refined, Differential and Innovative" small and medium-sized enterprise in Beijing, a member unit of the "Central Enterprise Innovation Consortium (Industrial Software Field)" of the State-owned Assets Supervision and Administration Commission, and has passed the GJB9001C quality management system certification. Up to now, the company has more than 20 invention patents, more than 70 software copyrights, and a patent pool reserve of more than 50 items.
In terms of the team, Yuanhui Technology currently has more than 50 technical experts and R&D personnel, most of whom come from universities and scientific research institutions such as the Chinese Academy of Sciences and Tsinghua University. The chairman is Li Qingxin, and the general manager and CEO Liu Hongtao is the legal representative of the company, who has previously worked in Cisco (China), Oracle (China), UGS (China) and other enterprises, with industrial experience in the fields of enterprise-level software and industrial software. In May 2026, the "Joint Research Center for 3D Data Interoperability and Intelligent Application" jointly built by Yuanhui Technology and Zhejiang University was inaugurated, relying on the State Key Laboratory of CAD&CG of Zhejiang University to carry out joint R&D and talent training around directions such as geometric modeling, 3D intelligence and visualization.
After completing the Pre-A round of financing, Yuanhui Technology invested the funds in the productization and platform-based upgrading of independent 3D data conversion technology, expanded professional talents and expanded the market. At present, Yuanhui Technology has launched a new round of financing, planning to further consolidate the technical capabilities and commercial layout of the industrial intelligent data base.