While still operating in beta, thousands of designers are already using the CAD software Onshape actively. Now, the company was able to raise $ 80 million, resulting in a total of $ 144 the company has received in funding to date.
The round was led by Andreessen Horowitz with participation from existing investors New Enterprise Associates, Commonwealth Capital Ventures and North Bridge Venture Partners.
Onshape focuses on cloud and mobile CAD, enabling designers to work together on projects using any web browser, smartphone or tablet. Every team member works on the same master CAD data at all times to avoid file copies and overwriting each other’s work. The full-cloud software also eliminates the hassles of installations, license codes and servers, service packs and add-on PDM systems.
The Cambridge-based company will use the latest investment to expand worldwide sales and marketing efforts and increase its research and development as well as strong customer support.
“We’ve been closely following the CAD industry for a long time,” says Andreessen Horowitz partner Peter Levine. “The Onshape team immediately stood out, having built a robust CAD system using a cloudbased technical architecture that most had considered impossible. The Onshape product is perfectly suited for an increasingly mobile workforce, which now can create and edit 3D models anywhere, on any device.”
While the Onshape version for students and makers is free of charge, professional CAD users and designers can work with the extended professional version for a fee of $ 100 per month.