Propel, a modern Product Lifecycle Management (PLM) provider built 100 percent on the Salesforce platform, announced today that it has raised a $4.2 million Series A financing round. The round was led by Cloud Apps Capital Partners, with participation from Salesforce Ventures and SignalFire. The investment will help the company propel its sales and marketing efforts, as well as accelerate development of its modern cloud PLM solution for manufacturers. Matt Holleran from Cloud Apps Capital Partners will join the company’s board of directors.

Propel has created a customer-centric PLM solution built on Salesforce, the Customer Success Platform. Unlike legacy...

The Internet of Things technology could provide a significant boost to Indian manufacturing, which has long suffered from a lack of competitiveness.

"Make in India," the slogan of an initiative launched by the government of Prime Minister Narendra Modi to cultivate the manufacturing sector, was highly visible on the streets for about a week in mid-February. Amitabh Kant, secretary of the department of industrial policy and promotion, said in Mumbai recently that rather than relying on foreign capital, Indian companies themselves must tap information technology to employ so-called smart manufacturing.

Many foreign companies are vying for a slice of the massive Indian market of 1.3 billion people. But when...

Today, product designers and engineers are under pressure to speed up development and introduce ever-increasing product complexity at a greater pace than ever before. Using the right tools to design these products is paramount.

This webinar will explain how the SOLIDWORKS Ecosystem is here to meet the challenges of delivering increased product complexity while decreasing time to market.

Mike Sabocheck has 25 years of experience in the CAD industry, starting in 1992 with Intergraph as an application engineer and spending the last 17 years with SOLIDWORKS as a technical manager. He also has design and engineering experience...

FARO Technologies, Inc., announces the achievement of another milestone in cloud-based as-built data management with the release of version 2.0 of its well-known web hosting service, SCENE WebShare Cloud. SCENE WebShare Cloud 2.0 is the first cloud based software unleashing the power of fluid 3D viewing of 3D laser scan data within a simple and easy to use website.

For applications within the fields of BIM, architecture, and construction information management (CIM), user-friendly access to reliable as-is information of buildings, plants and construction sites is essential. Users also need immediate access to this data at the office, on the...

ESI Group, pioneer and world-leading solution provider in Virtual Prototyping for manufacturing industries, announces the latest version of its multi-domain simulation platform, Visual-Environment 11.5. ESI Visual-Environment manages simulation processes in a single unified environment - from pre- and post-processing to meshing, viewing results, automating tasks - across multiple domains. By relying on a single core compute model, Visual-Environment eliminates tedious data exchange, hence helping industrial manufacturers reduce product development cost and time. The latest version Visual-Environment 11.5 now supports Modelica ® -based systems modeling and simulation, and virtual product assembly. Meanwhile, the new ESI-Player application enables engineers to visualize...

Anark Corporation, leading provider of Model Based Enterprise (MBE) publishing and Collaboration software for engineering, manufacturing and the supply-chain, announced today that it has been selected by Hydro-Québec to provide an automated MBE publishing solution that will enable the company to transition from legacy 2D drawing-based systems to more efficient and effective 3D PDF document-based processes.

"We are pleased to work with Anark, and to utilize their automated 3D PDF transformation and publishing platform to create interactive 3D model-based electronic documentation from our CATIA MBD mock-ups," said Michael Labelle, Production Engineering Director at Hydro-Québec. "Moreover, the 3D PDF documents respect the...

Stratasys Ltd., the 3D printing and additive manufacturing solutions company, announced financial results for the fourth quarter and fiscal year 2015.

Q4-2015 Financial Results Summary:

• Revenue for the fourth quarter of 2015 was $173.4 million.
• GAAP net loss for the fourth quarter was $232.3 million, or ($4.46) per diluted share, compared to a loss of $92.0 million, or ($1.81) per diluted share, for the same period last year.
• Non-GAAP net loss for the fourth quarter was $0.7 million, or ($0.01) per diluted share, compared to non-GAAP net income of $24.9 million, or $0.48 per diluted share, reported for the same period last year.
• The Company generated $7.7 million in cash from operations during the...

Mentor Graphics Corporation today announced financial results for the company’s fiscal fourth quarter ended January 31, 2016. The company reported revenues of $337.3 million, non-GAAP earnings per share of $0.63, and GAAP earnings per share of $0.51. For the full fiscal year, revenues were $1.181 billion, non-GAAP earnings per share were $1.55 and GAAP earnings per share were $0.81.

“Mentor achieved revised fourth quarter and full year revenue guidance and exceeded earnings per share guidance,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Fiscal 2016 was our most challenging year since the financial crisis of...

XJet, which develops technology for 3D printing for metal parts, said on Thursday it raised $25 million in a funding round led by Israeli-Chinese private equity fund Catalyst CEL and design software maker Autodesk.

XJet’s technology uses solid metal nanoparticles suspended in liquid ink in sealed cartridges. Extremely high temperatures cause the liquid “jacket” around the metal nanoparticles to evaporate, resulting in strong binding of the metal.

The company originally developed a printing solution for the solar panel industry and expanded into manufacturing in 2013.

From 2007-2011 XJet raised $60 million from investors including Applied Materials and Israel’s Landa...

WHO: The EDA Consortium (EDAC), provider of services, market awareness and a common voice for electronic design automation (EDA) and intellectual property (IP) suppliers to the global semiconductor industry

WHAT: Invites members of the design ecosystem community to a celebratory launch party as it unveils its new name, logo and expanded mission

WHEN: Wednesday, March 30, from 6:30 p.m. until 8:30 p.m. The event will feature wine and craft beer tasting as well as cheese and hors d'oeuvres.

WHERE: EDA Consortium/SEMI Global Headquarters, 3081 Zanker Road, San Jose, Calif.

The Electronic Design Automation Consortium (EDAC) is the international association representing companies that develop and provide software tools, services, intellectual property and hardware...