It’s been long suspected that Onshape would eventually land in the hands of a larger enterprise product development (or non-product development) company — that day is here. PTC has just announced the acquisition of Onshape, web-based 3D product design platform, “for approximately $470 million, net of cash acquired.” The deal is moving fast, expecting to…
Allegorithmic, creators of Substance Designer (material authoring software) and Substance Painter (3D painting software), has been acquired by Adobe. Adobe and Allegorthimic both announced the news today. With one big unspecified amount of cash, Adobe now has more substance and a true 3D Photoshop. Substance integration was already available for Adobe Fuse (3D modeling) and Adobe…
Xometry made its first acquisition, and it’s a big one. Last we reported, Xometry was up to $23M in two rounds of funding. Since then, they’ve added another round ($15M in June 2017) and just this week announced another $25M bringing the total up to $63M from seven different investors. Along with the $25M round announced this…
It’s always interesting when a controversial company buys another controversial company. What does this mean? Will they be Controversial2? Today, 3D Systems announced that they have purchased 3D Printing company BotObjects, a UK-based company best known for two things: FDM 3D Printing in full, real-color and also being accused of consumer fraud and not delivering…