Posted By Simon Montford on Sept 18, 2014
GrabCAD is a bit like ‘Github for engineers.Teams working on CAD systems can sync local CAD files to cloud projects, track versions and lock files to prevent conflicts. They can also use it to exchanged CAD models. One of the greatest benefits is that there is no need to reinvent the wheel in the event that someone else is willing to provide an existing design. The GrabCAD boasts the world's largest collection of free CAD files.
The company is Seedcamp and TechStars alumni, was originally founded in Estonia but is now based in Cambridge, MA. GrabCAD had so far raised around $13.6 million from Charles River Ventures, David Sacks, Matrix Partners and Atlas Venture to name a few.
The acquisition makes sense because as Stratasys manufactures 3D printers it will gain access to an online community of more than 1.5 million mechanical engineers and a library of over 500,000 CAD models.
The acquisition is fantastic news for innovators within the connected devices sector as it will bring the world’s engineers together and help them collaborate to bring better products to market faster.
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