About HIPA
HIPA is a Technology company based in Wuhan (China) founded in 2019 by Michael Chen, and was acquired by ByteDance in March 2022. No-code platform for enterprise application development is provided. HIPA has raised $1.06 million across 3 funding rounds from investors including ByteDance, Yingdong Capital and Chuxin Capital. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Application Development Tools, Code Development and Low Code Development Platforms.
Company details
HIPA was founded in 2019 in Wuhan, China, as a provider of no-code tools for building enterprise applications. The platform enables codeless development through features such as table views for sorting, filtering, and data visualization, alongside automatic chart generation, data associations, and aggregate functions. Clients including WisdomGarden and Tower utilize these services in the software development sector.
- Headquarters Wuhan, China
- Founders Michael Chen
- Stage Acquired
- SectorsTechnology
- Website hipacloud.com
- Social LinkedIn
- Acquired by ByteDance (Mar 2022)
Funding Insights of HIPA
HIPA has successfully raised a total of $1.06M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.06M
- Total Rounds 3
- First Round $1.06M
(Apr 2020)
- Investors Count 3
All 3 funding rounds of HIPA with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | Series A | – | – | ||
| Dec 2020 | Seed | – | Chuxin Capital | – | |
| Apr 2020 | $1.06M | Seed | – | Yingdong Capital | – |
3 investors in total: 3 institutional.
Investors in HIPA
HIPA has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ByteDance, Yingdong Capital and Chuxin Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| incapital.cn | ||||
Venture capital firm focused on early-stage investments in technology sectors | chuxincapital.com | Beijing, China | ||
Short-form video and content discovery platforms are developed. | 2012 | bytedance.com | Beijing, China |
Investor details for HIPA
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of HIPA
1 people are tracked at HIPA (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Chen | Founder | Leadership |
Complete people profiles for HIPA
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of HIPA
4 dated milestones of HIPA across 3 years, from founding to its latest funding, stage changes and deals.
- Founded HIPA is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Series A,.
- Exit Acquired by ByteDance.
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Related news about Hipa
Complete news archive for HIPA
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Frequently Asked Questions about HIPA
HIPA was founded in 2019 and raised its 1st funding round 1 year after it was founded.
HIPA is headquartered in Wuhan, China. It is registered at Wuhan, Hubei, China.
HIPA is a funded company, having raised a total of $1.06M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.06M, raised on Apr 2020.
HIPA was founded in 2019 in Wuhan, China, as a provider of no-code tools for building enterprise applications. The platform enables codeless development through features such as table views for sorting, filtering, and data visualization, alongside automatic chart generation, data associations, and aggregate functions. Clients including WisdomGarden and Tower utilize these services in the software development sector.
HIPA has 3 investors. Key investors include ByteDance, Yingdong Capital, and Chuxin Capital.
Yes. HIPA was acquired by ByteDance in March 2022.