nTopology, a New York-based generative design software company, raised $65M in Series D funding.
The round was led by Tiger Global with participation from Oldslip Group as well as existing investors Root Ventures, Canaan Partners, Haystack and Insight Partner.
The company intends to use the funds to expand the types of applications nTopology serves in the product development process and strengthen its global footprint.
Led by Bradley Rothenberg, CEO, nTopology aims to provide the next generation of design tools for engineers in the aerospace, automotive, medical device, and industrial design spaces. The company’s software is built on three main technologies: implicit modeling; field-driven design; and the block system. Together, they empower users to find solutions to engineering problems in ways not previously possible in computer-aided design (CAD) software.
In April, the company launched nTopology 3.0, which introduced GPU acceleration to bring down the visualization time of highly complex structures from minutes to mere seconds. nTopology also collaborated with 3D printer manufacturer Stratasys to further automate the design of manufacturing aids and to streamline adoption of 3D printing for the factory floor. Its FDM Fixture Generator is a tool that automates 90% of the design work required for simple jigs and fixtures while their most recent collaboration, the Masking Fixture Module, eliminates the need for manual masking techniques. In addition, the company recently released a connector that streamlines nTopology’s integration to PLM systems, giving enterprise customers a clear roadmap for enhancing their product development software stack with powerful generative design capabilities.
nTopology services over 300 customers, including Ford, Lockheed Martin, Honeywell, Emerson, and Wilson.
FinSMEs
20/11/2021