GrabCAD grabs $4M for open-source CAD
Jan 07, 2012, 19:01 (2 Talkback[s])
(Other stories by Barb Darrow)
"GrabCAD, a specialist in open-source CAD software, has netted
$4.2 million in new funding from its existing VC backers. Plus,
David Skok, the general partner with one of those backers, Matrix
Partners, has joined GrabCAD's board. The news was outlined in a
blog post on Thursday by GrabCAD president Hardi Meybaum. Skok has
some CAD cred: He is on the board of Dassault Systemes' SolidWorks,
a maker of 3-D CAD (or computer-aided design) software. Engineers
use this kind of software to design products on-screen.
"This cash influx shows that investors believe the open-source
CAD model has legs. Other open-source CAD entries include
SourceForge's FreeCAD project and Cademia. And CAD is starting to
come to the cloud as well. Autodesk, the CAD market leader, fields
a cloud-based CAD effort called AutoCAD WS."