SpaceClaim raises Series C round of funding - Concord, MA

SpaceClaim, provider of the world’s fastest and most innovative 3D Direct Modeling solutions, today announced that the company has secured an additional $7 million in funding to support ongoing R&D in product innovations, and to drive sales and marketing expansion as the demand for direct modelers increases for the performance of conceptual design, engineering analysis, and simulation-driven design. The round is co-led by existing investors including Borealis Ventures, Kodiak Venture Partners, Needham Capital Partners, and North Bridge Venture Partners.

http://www.spaceclaim.com