Onshape Named to the 2017 Forbes Cloud 100

Developer of the first full-cloud CAD system ranks among “the hottest private tech companies in cloud computing”

Developer of the first full-cloud CAD system ranks among “the hottest private tech companies in cloud computing”

Cambridge, Massachusetts (July 12, 2017)

Onshape, the leading professional 3D CAD platform for Agile Product Design, was named to the annual Forbes Cloud 100, the iconic business magazine’s list of the “best and the brightest” of private cloud computing companies. Along with partners Bessemer Venture Partners and Salesforce Ventures, Forbes compiled the list based on metrics such as funding and revenue, combined with recommendations from 25 CEOs of public cloud companies.

The Cloud 100 covers a wide range of business-critical online tools, including analytics, operations, security, HR, finance, customer support, marketing and collaboration.

“We’re honored to be included in such a prestigious group,” says Onshape CEO and co-founder Jon Hirschtick. “We've proven that not only is it possible to build a full-cloud 3D CAD system, but that our customers can design products faster and better because of the advantages of full-cloud CAD. It’s no coincidence that we rely on many of our fellow companies in the Forbes Cloud 100 – such as Stripe, Slack, GitHub, MongoDB, SendGrid and Looker – to work faster ourselves.”

“It’s also an honor to be the only CAD company on the list,” he adds. “Our customers tell us that full-cloud CAD is the future, but it’s gratifying to see that their future is now.”

Onshape provides engineers with instant access to both their CAD system and CAD data anywhere, anytime using any web browser, phone or tablet. It enables multiple people to simultaneously work on the same 3D model versus traditional desktop-installed CAD systems which limit work to only one licensed computer at a time.

Onshape’s customers include leading product design and manufacturing companies around the world, using full-cloud CAD to successfully design surgical robots, industrial and agricultural equipment, medical devices, construction machinery and consumer products.

In its first 18 months since commercial release, Onshape has attracted hundreds of thousands of users logging millions of hours in 3D modeling time. One of every 6 Onshape logins is made on a phone or tablet.

For a private briefing or a personal demo of Onshape, please contact dgarnick@onshape.com.

About Onshape

Onshape is a modern CAD system that eliminates design gridlock: the constant waiting, distractions, and hassles that prevent engineers from doing their best work. Onshape unites advanced modeling tools and design data management in a secure cloud workspace that is accessible on any device and never loses data. With no files to lose or corrupt, no license keys to manage, and no installed desktop software, Onshape helps engineering teams get out of the IT business so they can get back in the innovation business.

Professional engineers at thousands of companies rely on Onshape to modernize and streamline their product design and manufacturing process. Onshape users in 170+ countries have logged over 5 million hours modeling advanced robotics, biomedical devices, industrial machinery, agriculture equipment, and consumer products. With 1 of 8 sessions occurring on mobile devices, Onshape is the world’s first anywhere, anytime CAD system.

Founded in 2012, Onshape has raised $169 million from Andreessen Horowitz, NEA, North Bridge, and other leading investors. Based in Cambridge, Massachusetts, the Onshape leadership team includes the original creators of SOLIDWORKS® and other proven leaders in cloud infrastructure, data security, and mobile. For more information, contact dgarnick@onshape.com or visit onshape.com/press-room.