SpaceClaim Claims $7M

Concord, MA-based SpaceClaim, a maker of software for 3D direct modeling, announced today that it has raised $7 million in a deal led jointly by return investors including Borealis Ventures, Kodiak Venture Partners, Needham Capital Partners, and North Bridge Venture Partners. On the market since 2007 and now in their fourth release, SpaceClaim’s products are designed to enable engineers and industrial designers toe easily create and edit solid models and to adapt their 3D designs for analysis, prototyping, and manufacturing.

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