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Venture Capital News: SpaceClaim Gathers $4M

2012-02-09
CONCORD, MA, Provider of 3D design software for engineers, has raised $4 million in venture capital.
SpaceClaim, a provider of 3D design software for engineers, has raised $4 million in venture capital, according to a new filing by the company with the Securities and Exchange Commission. Twelve separate investors participated in the offering.

SpaceClaim was founded in September 2005 to create solutions that would enable engineers to leverage 3D design to innovate, win more business, and get products to market faster. Since then, SpaceClaim has become the leader in 3D Direct Modeling solutions for rapid concept design and geometry manipulation, with adoption rates within engineering, product development, and manufacturing companies soaring. In 2009, SpaceClaim increased sales 253% year-over-year and new licenses by 188%. Customers include three of the world's largest auto makers, and industry leaders across aerospace, medical devices and machine tool manufacturers. SpaceClaim has OEM agreements with TRUMPF and Flow International Corporation as well as a licensing and distribution agreement with ANSYS, the global leader in simulation software.
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