What is SolidWorks?
Founded in 1993 and headquartered in Waltham, Massachusetts, SolidWorks is a prominent provider of solid modeling computer-aided design (CAD) and computer-aided engineering (CAE) software. The company's flagship product runs primarily on the Microsoft Windows platform, offering robust solutions for product design and simulation. SolidWorks has established itself as a key player in the engineering software market, serving a wide range of industries that rely on advanced design tools for product development and innovation.
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 Technology Crossover Ventures and Banneker Partners
Private Equity (2015): $39.5M led by Technology Crossover Ventures and Banneker Partners
Key Investors in SolidWorks
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a prominent growth equity firm known for investing in leading technology companies across various sectors, often focusing on software and internet businesses.
Banneker Partners
Banneker Partners is a private equity firm that typically engages in buyouts and growth investments, often targeting established companies with strong market positions.
What's next for SolidWorks?
The substantial enterprise-level capital infusion, including the recent strategic investment, positions SolidWorks for accelerated development and market expansion. This backing is likely to fuel further innovation in its CAD and CAE offerings, potentially enabling the company to enhance its existing product suite, explore new technological frontiers such as AI integration in design processes, or pursue strategic acquisitions. The company's trajectory suggests a focus on solidifying its leadership in the engineering software domain and adapting to evolving industry demands.
See full SolidWorks company page
