Manycore was founded in 2011 by three graduates of the
University of Illinois Urbana-Champaign. Investors of the company included
IDG Capital,
Hillhouse Investment and
Coatue Management. In 2021, Manycore applied for an
initial public offering (IPO) on the
Nasdaq. On 14 February 2025, Manycore applied for an IPO on the
Hong Kong Stock Exchange. ==See also==