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GrabCAD grabs $4M for open-source CAD

Jan 07, 2012, 19:01 (2 Talkback[s])
(Other stories by Barb Darrow)

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"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."

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