Generative design software developer nTopology has secured a significant investment worth $65 million through a Series D funding round led by Tiger Global. The money brings the company’s total financing to $135 million and will enable nTopology to further expand the scope of its applications and expand its global presence.
Since its founding in 2015, nTopology has grown into an important engineering software provider in the additive and advanced manufacturing worlds. Today, the company serves over 300 customers across many demanding industries, including Ford, Lockheed Martin, Honeywell, Emerson and Wilson. With the recent infusion of capital, the company intends to bring its software solution to more companies and engineering teams through an ever-expanding range of applications and capabilities.
Crucially, the $65 million will enable nTopology to further grow its team to address an increasing number of applications for its software solution. In the past year, the software company has already increased its hiring (by about 40%) and has experienced significant revenue growth (by double).
“Earlier in my career, I found that most of the engineering software, like CAD, was a bottleneck in driving innovative design,” said Bradley Rothenberg, co-founder and CEO of nTopology. “Our company was built specifically to solve engineers’ problems, allowing them to fully utilize the power of additive manufacturing processes and fill the gaps left by these old legacy design tools.”
This past spring, nTopology introduced the latest version of its software, nTopology 3.0, which includes GPU acceleration to speed up visualization times for highly complex models—from minutes to seconds. The company also worked with Stratasys to increase the automation for designing manufacturing aids. For example, the FDM Fixture Generator tool automates 90% of the design process for simple jigs and fixtures. Another tool, the Masking Fixture Module, does away with manual masking processes.
This is just one small part of what nTopology seeks to do with its software. Ultimately, the company’s mission is to provide the next generation of design tools to facilitate and optimize design workflows for engineers in the aerospace, automotive, medical and industrial design industries. With a platform built on implicit modeling, field-driven design and a unique block system, nTopology puts powerful tools into the hands of engineers, enabling them to find new and smart solutions to engineering design problems.
“nTopology customers use this software to design the most critical parts of their products,” said John Curtius, Partner, Tiger Global Management. “We’re excited for nTopology to emerge as the new leader in engineering software as advanced manufacturing continues to push the boundary of how products are made.” The Series D funding round was led by investment firm Tiger Global and saw participation from equity firm Oldslip Group as well as existing investors Root Ventures, Canaan Partners, Haystack and Insight Partners.