Well, well, well. Tech Soft 3D, the developer of the HOOPS family of CAD data translation, 3D PDF, visualization, and toolkits for web, desktop, and mobile, has just announced “significant investment” from global, technology-focused investment firm Battery Ventures.
This represents their first bit of funding since the Oregon-based company’s founding in 1996. Tech Soft 3D logo tattoos for everyone! Oh, wait, what’s this?
“Tech Soft 3D will use the additional capital to fuel growth by investing in product development, scaling the company’s global reach and increasing its product offerings through acquisitions. The company also expects to further expand its portfolio of partners.”
I wasn’t familiar with Battery Ventures, so I looked them up. The 36-year old firm has quite a list of companies they have been involved with some going public and many others being acquired. They represent a wide tech-focused swath of many disruptors of their industries, like Coinbase, Glassdoor, Vidyard, and Workato. Other CAD/CAM related investments include Stratasys, SigmaTEK, and Vero Software.
Tech Soft 3D toolkits are used by a lot of CAD/CAM software companies from Adobe and Autodesk to Dassault Systemes and Siemens PLM. If you’re using a CAD-related web app, it’s very likely Tech Soft 3D played a role in that with their HOOPS web platform, an set of tools that provides the foundation for web app development. Keep an eye on’em.
It will be interesting to see where this investment leads.
Read the rest at SolidSmack