Is SpaceClaim Finally Turning Around?

Today SpaceClaim announced that it has received an additional $5 million in new funding from its current investors. Recently SpaceClaim had announced a 253% year-over-year increase in sales and a 188% increase in new licenses. I have not seen such spectacular numbers from other CAD vendors. So these numbers could mean that just about everyone bought SpaceClaim last year. Either that or before last year the total install base of SpaceClaim was rather insignificant. The former seems to be a long shot. But even if the latter is true, it implies that people have started to buy into SpaceClaim, which is probably why the venture capitalists behind the company decided to put more money into it.

So what exactly happened to SpaceClaim in the last year? Firstly, SpaceClaim tied up with ANSYS to bundle their product along with ANSYS 11.0 and 12.0 as well as ANSYS Workbench 2.0 (see ANSYS SpaceClaim Direct Modeler). Secondly, SpaceClaim tied up with Flow International Corporation to “provide 2D and 3D design capabilities within Flow’s Waterjet cutting products”. I am not exactly sure what that means, but it seems like Flow is bundling SpaceClaim along with its machines.

So I am beginning to wonder what kind of a role these two tie ups played in the 253% and 188% numbers quoted by SpaceClaim. I am supposed to meet SpaceClaim CEO Chris Randles and co-founder Blake Courter at COFES 2010 later this week and this is one of the things that I intend to ask them.

  • Aw shucks, thats $5M of good money chasing bad money already in SpaceClaim looking a win. VCs have no choice but to roll the dice in this game. A 188% increase in sales is meaningless if the starting point is a small number of licenses. Other CAD vendors do what SC does better or about the same. Even Ansys cant change SC's dive into obscurity soon. Chris Randles and Blake Coulter will not give you hard numbers, because they cant. And a $5M isnt going to change their reality.

  • Bohdan Spacek

    Maybe it's the right time for google to buy Spaceclaim and boost it to the orbit …

  • Google and MCAD? I don’t think so.

  • Bohdan Spacek

    It's robust solid modeler with cool SU like interface.
    You don't have to model only mechanical assemblies and with rapidly developing 3D printing technology…
    Just imagine to give such powerfull apps for free or place it on Googles cloud …

    Just dreaming 🙂

  • Clever

    Bohdan, if I were you, I would keep such ideas to myself. Someone from SpaceClaim may read this post and *actually* believe that this is a workable idea. Google & SpaceClaim = GooSpace? LOL.

    Too late already? Who knows – maybe SpaceClaim and their VC already believe this cockamamie idea to put another five million dollars into this bottomless pit. It has to be for this irrational exuberance in a mature, dog-eat-dog industry.

  • Bohdan Spacek

    RepRap + GO!Space … definitely workable idea :))