PARATERA

About PARATERA

Established in 2007, Beijing Paratera Tech Corp., Ltd. operates as a prominent provider of high-performance computing (HPC), supercomputing cloud, and intelligent computing services in China. The company was listed on the Beijing Stock Exchange in November 2023, making it the first publicly traded company on the A-share market focused on computing power services. Headquartered in Beijing, Paratera also has operations in Shanghai, Guangzhou, and Chengdu.

Paratera aggregates computing resources from major supercomputing centers across China, functioning as a national grid service company. This infrastructure allows the company to offer a suite of cloud services, including supercomputing, artificial intelligence (AI), and design simulation clouds. The business model is centered on providing these computing resources to a diverse client base that includes government agencies, universities, and corporations in sectors such as energy, manufacturing, meteorology, scientific research, telecommunications, and finance. Clients like PetroChina, Sinopec, and the Chinese Academy of Sciences utilize Paratera's services. The company has also been involved in significant national projects, including lunar exploration missions and China's first mission to Mars.

The company's product portfolio is extensive, featuring platforms such as Paratera AI Cloud, Paratera Smart Manufacturing Cloud, and Paratera Supercomputing Cloud. For system management and optimization, it offers ParaDesign for design simulation, Paratune for performance analysis, and Paramon for collecting application runtime characteristics. Paratera's services are designed to address the high-demand computing needs of various industries, such as life sciences, geosciences, and aeronautics, by providing scalable and accessible high-performance computing power. To support its infrastructure, the company has partnered with hardware providers like Lenovo, using a flexible, pay-as-you-go model for its on-premises data centers.

Since its inception, Paratera has achieved several milestones. The company has raised a total of $14.8 million in funding over three rounds, with investors including THG Ventures and Qihoo 360 Technology. A significant funding event was a Series A round in July 2015. In November 2023, the company went public on the Beijing Stock Exchange under the ticker symbol 839493. Paratera serves over 180,000 users across more than 20 industries and has engaged in partnerships with companies like Bright Computing and Asterfusion to expand its capabilities.