Tech Soft 3D, the leading provider of software development toolkits (SDKs) for companies that develop software for the MCAD and AEC industries, this week announced a major investment from global, technology-focused investment firm Battery Ventures.
Battery General Partner Morad Elhafed and Vice President Satoshi Harris-Koizumi will join the Tech Soft 3D board of directors.
Fueling Growth — New Funds
For readers not knowledgeable about Tech Soft 3D, the company is not a new company or startup but a veteran tools maker serving the needs of the CAD industry. The new additional capital will help the company invest in further product development, scale its global reach and increase it portfolio of SDK toolkits for developers through strategic acquisitions. The company will also further expand its portfolio of partners.
Tech Soft 3D obtains capital investment by major investment firm, Battery Ventures. The company’s HOOPS-branded software toolkits are used worldwide by
Tech Soft 3D delivers top-tier “building-block” technologies that help CAD and 3D software developers reach markets faster by utilizing their core toolkits. Tech Soft 3D customers serve market sectors such as CAD/CAM/CAE, building and construction, AR/VR, additive manufacturing, PLM, metrology, EDA, mining and geosciences. The company’s partners include hundreds of companies such as Adobe, Autodesk, Dassault Systèmes, Desktop Metal, Trimble, 3D Systems, Siemens PLM, Sansung SDS, Bentley, Hexagon, Xometry, AYSYS and others.
“Every day, millions of engineers use software powered by Tech Soft 3D component technology,” said Morad Elhafed, general partner at Battery Ventures. “The company’s reach is extremely impressive, and its products are fueling innovation at large and small companies undergoing digital transformation. We are excited to partner with Tech Soft 3D to help the company grow.”
Added Satoshi Harris-Koizumi, vice president at Battery: “As every company becomes a software company, we think demand for Tech Soft 3D’s products will only increase—and we look forward to partnering with the company to penetrate new markets and expand, both organically and through acquisitions.”
“We are thrilled to leverage Battery’s domain expertise in software, and the firm’s global network of relationships, to take our company to the next level,” said Tech Soft 3D CEO Ron Fritz. “We are driven to help our partners develop innovative, reliable 3D software applications. As the trend of increased 3D software development continues to accelerate, this investment from Battery will allow us to expand our offerings and better serve current and future partners.”
About Battery Ventures
Battery Ventures has over a decade of experience helping scale platform companies in product lifecycle management (PLM). It’s portfolio companies in this area include manufacturing software company SigmaTEK Systems and Vero Software, one of the largest vendors in the CAM market that was acquired by Hexagon AB in 2014.
About Tech Soft 3D
Tech Soft 3D is the leading global provider of development tools that help software teams deliver successful applications. Established in 1996 and headquartered in Bend, Oregon, Tech Soft 3D also has offices in California, France, England and Japan. The company’s toolkit products power nearly 500 unique applications running on hundreds of millions of computers worldwide. For more information, visit www.techsoft3d.com.