SpaceClaim builds 3D Direct Modeling software for engineers to enable rapid concept design and geometry manipulation. Founded in September 2005 and based in Concord, MA, the company targets engineering, product development, and manufacturing customers. Customers include three of the world's largest automakers and leaders across aerospace, medical devices, and machine tool manufacturing. SpaceClaim has OEM agreements with TRUMPF and Flow International Corporation and a licensing and distribution agreement with ANSYS. In 2009 SpaceClaim reported sales growth of 253% year‑over‑year and new licenses increased 188%. The product and partnerships are positioned to help engineers leverage 3D design to innovate and bring products to market faster. SpaceClaim Corporation, based in Concord, MA, provides innovative 3D Direct Modeling solutions for concept modeling, model preparation and CAE. Its software is used across automotive, aerospace, defense, medical devices, consumer goods and educational engineering institutions. Customers include Nokia Siemens Networks, BorgWarner, Medtronic, Lotus Cars, Sharp, K2 Medical Systems, FuelCell Energy, Emhart Glass, GE Aviation, General Dynamics and the U.S. Navy. The company secured an additional $5M in funding from current investors. The new funding will support expansion of global sales and support as the company continues to win new customers and expand partnerships.

Total raised

$9M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2012