CSCAD is a high-tech enterprise focusing on developing CAD software, which helps designers visualize their design process and gain optimal results. It recently completed an angel funding round worth tens of millions of CNY, led by Sequoia Capital.
CSCAD(Chinses: 上海泓科晟睿软件技术有限公司), an innovative technology company focusing on the field of CAD software, completed an angle funding round worth tens of millions of CNY recently, led by Sequoia Capital, with participation by Sequoia CBC Juanxi Investment Management Company. CSCAD will use the capital for R&D investment activities, marketing strategy innovation, and talent pool building.
Founded in 2021 and based in Shanghai, CSCAD is a new CAD software company insider with only 30 employees. However, CSCAD launched its first CAD software soon after its establishment based on strong technical background. The current product line of CSCAD is divided into 3 versions: the advanced version, the BIM version and the automated version. Each version offers specific services and targets different customers. CSCAD also cooperates extensively with domestic customers and partners to refine the software products and expand its application scenarios.
It is alleged that CSCAD will launch the CS Cloud platform next year. The new platform offers various services, such as project management, data monitoring and design, aiming to empower companies in the construction industry.
As China wants to forge its path for developing technology and have its manufacturing enterprises entirely digitized by 2035, the market would provide unprecedented opportunities to players like CSCAD.
CSCAD’s competitors include DraftSight, AutoCAD, SOLIDWORKS, SketchUp, Onshape, Teamcenter, Autodesk Inventor, Solid Edge, CATIA and MicroStation.