nTop Secures $65M in Series D Funding
The new capital will help us expand the types of engineering applications our software serves in the product development process and expand our global team.
We are excited to announce that we have secured $65 million in Series D funding, bringing our company’s total secured financing to date to $135 million. The funding round was led by Tiger Global with participation from Oldslip Group and existing investors Root Ventures, Canaan Partners, DCVC, Haystack, and Insight Partners.
We are looking forward to getting our software in the hands of more design engineers who will benefit from nTop’s expanding range of features and capabilities. We will use this new capital to expand the range of engineering applications our software unlocks, strengthen our global footprint, and expand our team.
Solving engineering problems
Our mission at nTop is to provide next-generation design tools to engineers and designers in the aerospace, automotive, medical device, and consumer industries.
We have built our software upon three core technologies; implicit modeling, field-driven design, and the block system. Together, these core technologies empower users to solve complex engineering problems in ways that were previously impossible using existing CAD tools.
Our journey in 2021
In less than a year, nTop has doubled its revenue and customer base. Today, our software is used by engineers in over 300 companies, including industry leaders like Ford, Lockheed Martin, Honeywell, Emerson, and Wilson. Here are some product highlights from 2021.
nTopology 3.0 with GPU acceleration
In April, we launched nTopology 3.0. This major release introduced GPU acceleration, bringing down visualization time of highly-complex structures from minutes to mere seconds.
Seeing is believing, so here’s a video that showcases this new capability in action:
The FDM Fixture Generator
In collaboration with the 3D printer manufacturer Stratasys, we developed multiple automated design tools that streamline the adoption of 3D printing on the factory floor.
The FDM Fixture Generator is a tool that automates 90% of the design work required for simple jigs and fixtures. The Masking Fixture Module eliminates the need for manual masking techniques.
Enterprise PLM integrations
Recently, we released our PLM connector that streamlines nTop’s integration to enterprise PLM systems. This new integration gives enterprise customers a clear roadmap for augmenting their product development software stack with powerful generative design capabilities.
Our team is expanding
Last year, we increased our total number of team members by more than 40%. Yet, to meet our ambitious goals, we need to add new talent to our team in 2021 and beyond.
Visit our careers page to learn more about the current opportunities.
Alkaios Bournias Varotsis
Product Marketing Manager at nTop