For years, open-source software in China was only attracting developers and was poorly understood by returns-seeking investors. But they are finally having a moment like their Western counterparts.
The latest open source project to get funded in China is Taichi Graphics, a 10-month old startup that aims to make 3D content creation easier. It operates Taitopia, a cloud-based platform for 3D graphics creation, sharing and remote collaboration, sort of like “Figma for 3D content” in its own words. Undergirding the platform is its open-source programming language Taichi, which offers a high-performance computation on spatially sparse data structures like those from 3D visual graphics.
Taichi Graphics closed a Series A investment at $50 million with lead investors Source Code Capital, GGV Capital and BAI Capital. Other participants in the round included returning investor Sequoia Capital China. TechCrunch has reached out to ask about their operation and valuation.
Taichi Graphics’ 3D content platform Taitopia allows creat …
