Peerup, an efficiency collaboration software platform, completes seed round led by Source Code Capital

源码资本·November 21, 2022·0·0

#MaKe Key Updates from Source Code Capital and MaHui Members

Peerup, an efficiency and collaboration software platform for engineering and R&D professionals, recently completed its seed round, led by Source Code Capital.

Peerup's mission is to drive efficiency upgrades in engineering and scientific research through architectural innovation, with the goal of building the first globally adopted general-purpose engineering and research efficiency platform. The team brings multiple successful entrepreneurial track records, with core technical talent drawn from top-tier domestic engineering and research enterprises.

Advancing technology and improving scientific efficiency through digitization is a global consensus. There are over 200 million engineers worldwide, with China's employed engineer population reaching 70 million — one-third of the global total and the most diverse, cross-sector engineering workforce anywhere. Meanwhile, China's researchers and STEM university students exceed 10 million, also roughly one-third of the global figure. Whether measured by headcount or labor costs, the engineering and research population continues to grow, creating sustained, rising demand for efficiency software.

In day-to-day engineering and research work, professionals constantly encounter inefficient data handoffs and repetitive tasks stemming from disparate data sources, redundant communication costs driven by varying data analysis and presentation methods, and collaboration friction caused by different working environments. With over 20 years of deep experience in engineering and research, the Peerup team intimately understands these pain points. As super-users with extensive product development experience, they are committed to solving efficiency and collaboration challenges in engineering and research.

Today, collaboration and efficiency platforms outside the research domain — Notion, Figma, Canva, among others — have already proven the value of efficiency gains. Within traditional research, various math-based computational tools and low-code platforms have emerged both domestically and abroad, extending from vertical domains into other disciplines. Yet no product has truly and comprehensively addressed the efficiency and collaboration needs of engineering and research professionals across industries. Starting from data, Peerup applies modern collaboration concepts and architectural innovation, grounded in the authentic experiences and needs of engineering and research professionals, to help the hundreds of millions of engineering and research users worldwide achieve meaningful efficiency gains. Its modules include:

Data Acquisition

By building and refactoring data interfaces for commonly used software and hardware across industries, Peerup collects fragmented information silos and establishes unified data interfaces to improve data acquisition efficiency.

Data Presentation

The platform builds a data middle platform with unified underlying functions and chart templates for easy access, alongside practical toolkits and open interfaces for analysis tool development, improving users' data presentation efficiency.

Data Management & Mining

Equipped with multiple intelligent analysis models to assist users in data mining and management, enabling sharing via links rather than data files.

Collaborative Work

A cloud-native low-code programming environment where users can share workspaces, integrated with instant messaging, audio/video, and document sharing — embedding data flows into workflows to enable cross-departmental collaboration.

Peerup was founded by Yanfeng Li, a seasoned veteran and serial entrepreneur in engineering software. The core technical team brings engineering and research experience in electronics and computer science from top domestic research enterprises, with proven track records in developing and commercializing multiple large-scale engineering software and hardware products and amassing extensive typical users.

Zhenning Zhang of Source Code Capital noted that efficiency improvement represents a persistent pain point for technology enterprises globally. Currently, no widely adopted efficiency-oriented research and engineering software platform exists worldwide, giving Peerup an opportunity to empower technology companies and organizations through efficient data collaboration, analysis, and management. As a serial entrepreneur, Yanfeng brings over 20 years of deep domain insight, and the team's profound understanding of research and engineering makes them super-users and product managers in this space. Source Code is optimistic about Peerup's professional depth in the efficiency domain and looks forward to the team refining quality products that create lasting, genuine value for users.