What is Onshape?
Onshape operates as a next-generation SaaS design platform, streamlining product development through an integrated system that encompasses CAD, release management, workflow, collaboration, analytics, and an API supporting over 50 engineering applications. Founded in 2012, Onshape was acquired by PTC in November 2019 and now functions as a SaaS business unit within the larger organization. Its platform is designed to enhance collaboration among extended design teams and provide executives with real-time analytics and visibility into design and manufacturing processes, ultimately enabling better business decisions.
How much funding has Onshape raised?
Onshape has raised a total of $194M across 3 funding rounds:
Unspecified
$9M
Private Equity
$80M
Unspecified
$105M
Unspecified (2012): $9M with participation from Commonwealth Capital Ventures and North Bridge Venture Partners
Private Equity (2015): $80M led by Andreessen Horowitz, North Bridge Venture Partners, Commonwealth Capital Ventures, and New Enterprise Associates
Unspecified (2016): $105M supported by Commonwealth Capital Ventures and Andreessen Horowitz
Key Investors in Onshape
Commonwealth Capital Ventures
Commonwealth Capital Ventures is a technology-focused venture capital firm that partners with early and growth-stage entrepreneurs in software, internet, communications, and digital media, providing patient capital and support to build enduring companies.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for its investments in technology companies across various stages, often focusing on disruptive innovations and market leaders.
North Bridge Venture Partners
North Bridge Venture Partners invests in exceptional individuals whose innovative ideas have the potential to disrupt industries, providing seed-to-growth financing to transform startups into market leaders.
What's next for Onshape?
The substantial enterprise-level funding and recent strategic investment indicate Onshape's robust position and future potential within the product development software market. As a key SaaS business unit under PTC, the company is poised for continued innovation and expansion of its integrated design and collaboration tools. Future developments are likely to focus on enhancing its analytics capabilities, broadening its application ecosystem, and further integrating its platform with PTC's broader product lifecycle management offerings, aiming to solidify its leadership in accelerating product development cycles.
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