CAD interoperability solutions provider Proficiency raised $4.25 million

noreply@blogspirit.com (ARPU~UP) — Thu, 28 Feb 2008 15:45:00 +0100

CAD interoperability solutions provider Proficiency has raised $4.25 million in funding led by Catalyst Investment. Current investors, Carmel Ventures and Pitango Venture Capital also participated in the financing round, which will support the company growth and product initiatives.

"This round of investment is part of Proficiency's strategic growth plan, and re-enforces our roadmap and commitment to provide the level of CAD interoperability which modern CAD users expect and deserve," said Alex Shapira, President and CEO of Proficiency. "Rather than giving up a large part of the design intent or manually re-designing models in another CAD, manufacturers can now preserve the integrity of their product knowledge and validate it at the required level of accuracy in a fast, reliable and scalable way.

Proficiency's solutions, based on the Collaboration Gateway, enable OEMs, partners and suppliers with heterogeneous PLM and multi-CAD environments to ensure effective product knowledge integration (PKI) during design and manufacturing processes.

"Proficiency has revolutionized the way people think about their product knowledge as they need to deliver 3D models to other CAD systems or migrate them to a modern CAD," said Yair Shamir, chairman and managing partner, Catalyst Investments.

Proficiency is providing solutions to leading OEMs and suppliers in industries such as aerospace & defense, automotive, and heavy machinery. Customers like Alstom Transport, Boeing, Bombardier, EADS, FIAT Powertrain, Ford, General Dynamics, Northrop Grumman, Siemens, and ThyssenKrupp, are using Proficiency's solutions. Proficiency headquartered in Massachusetts and its R&D center located in Jerusalem, Israel.

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Israel Science Technology - cad_systems

CAD interoperability solutions provider Proficiency raised $4.25 million