Onshape Raises $80M in Funding

onshapeOnshape, a Cambridge, MA-based provider of a cloud 3D CAD system, raised $80m in funding.

The round was led by Andreessen Horowitz with participation from existing investors New Enterprise Associates (NEA), Commonwealth Capital Ventures and North Bridge Venture Partners.

The company, which has raised $144m in total funding, intends to use the capital to ramp up R&D and customer support as well as expand global sales and marketing efforts.

Founded by Jon Hirschtick and John McEleney, Onshape provides a full-cloud 3D CAD system that allows everyone on a design team work together using any web browser, phone, or tablet.
Everyone in team can see and work on the same master CAD data at all times, avoiding confusing checkouts, file copies, and overwriting each other’s work.
As a full-cloud product, it also eliminates the hassles of installations, license codes and servers, service packs, and add-on PDM systems.
It is used by companies worldwide to speed up the design of consumer electronics, mechanical machinery, medical devices, machine parts, industrial equipment, and many other products.



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