What is SolidWorks?
Founded in 1993 and headquartered in Waltham, Massachusetts, SolidWorks operates as a cornerstone provider of solid modeling computer-aided design (CAD) and computer-aided engineering (CAE) software. By delivering robust, intuitive tools for mechanical design, the company has established itself as an essential utility for engineers and product designers globally. Its market position is defined by a deep integration into the industrial design workflow, enabling complex 3D modeling and simulation capabilities that drive innovation across manufacturing, automotive, and aerospace sectors.
How much funding has SolidWorks raised?
SolidWorks has raised a total of $74.5M across 2 funding rounds:
Private Equity
$35M
Private Equity
$39.5M
Private Equity (2014): $35M with participation from Banneker Partners and Technology Crossover Ventures
Private Equity (2015): $39.5M led by Technology Crossover Ventures and Banneker Partners
Key Investors in SolidWorks
Technology Crossover Ventures
A prominent growth equity firm that provides capital to private and public companies in the technology sector, focusing on long-term partnerships.
Banneker Partners
A private equity firm specializing in software and technology-enabled services, known for supporting enterprise-grade software companies through strategic growth initiatives.
What's next for SolidWorks?
With the recent influx of capital, SolidWorks is positioned to accelerate its product roadmap, likely focusing on cloud-native collaboration features and advanced simulation capabilities. As the industry shifts toward digital twins and integrated product lifecycle management, the company's strategic focus will likely center on enhancing interoperability and expanding its footprint in the enterprise software market. This financing round provides the necessary liquidity to scale operations and defend its market share against emerging cloud-based design competitors, ensuring that its core engineering software remains the industry standard for high-fidelity modeling.
See full SolidWorks company page
