About DriveWorks
DriveWorks is a company based in Warrington (United Kingdom) founded in 2001 was acquired by Bechtle in October 2024.. DriveWorks has raised $5.53 million across 1 funding round from investors including Bechtle and BGF. DriveWorks offers products and services including DriveWorks Pro, DriveWorks Solo, and DriveWorksXpress. DriveWorks operates in a competitive market with competitors including Onshape, Vention, Tech Soft, Intergraph and ITI, among others.
- Headquarter Warrington, United Kingdom
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Driveworks Limited
- Date of Incorporation 28 Mar, 2003
- Jurisdiction THELWALL, CHESHIRE
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Products & Services of DriveWorks
DriveWorks offers a comprehensive portfolio of products and services, including DriveWorks Pro, DriveWorks Solo, and DriveWorksXpress. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Toolkit for 3D product configurator and CPQ in manufacturing
Add-in for SOLIDWORKS to automate design processes
Free tool for basic SOLIDWORKS automation features
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Funding Insights of DriveWorks
DriveWorks has successfully raised a total of $5.53M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.53 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $5.5M
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First Round
First Round
(08 Mar 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series A - DriveWorks | Valuation | BGF |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in DriveWorks
DriveWorks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bechtle and BGF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Business intelligence analytics, cloud, and IT services are provided.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DriveWorks
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DriveWorks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Driveworks Comparisons
Competitors of DriveWorks
DriveWorks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Onshape, Vention, Tech Soft, Intergraph and ITI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based 3D CAD system is accessed via web browsers.
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Modular hardware and software platform for industrial automation is provided.
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Provide 3D designing softwares for developers
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Computer-aided design and geospatial intelligence software is supplied for enterprises.
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CAD data migration, validation, and integration solutions are provided.
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CAD software is developed for transportation and civil engineering professionals.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Driveworks
Frequently Asked Questions about DriveWorks
When was DriveWorks founded?
DriveWorks was founded in 2001 and raised its 1st funding round 20 years after it was founded.
Where is DriveWorks located?
DriveWorks is headquartered in Warrington, United Kingdom. It is registered at Warrington, England, United Kingdom.
Is DriveWorks a funded company?
DriveWorks is a funded company, having raised a total of $5.53M across 1 funding round to date. The company's 1st funding round was a Series A of $5.53M, raised on Mar 08, 2021.
What does DriveWorks do?
DriveWorks was founded in 2001 and is based in Warrington, United Kingdom. Cloud-based software is offered for product design and development within the manufacturing sector. Entry-level design automation is supported by DriveWorksXpress, while custom products are created and configured using DriveWorks Solo. Sales and manufacturing processes are connected through DriveWorks Pro to enable delivery of tailored products. Operations focus on streamlining design workflows for industrial applications.
Who are the top competitors of DriveWorks?
What products or services does DriveWorks offer?
DriveWorks offers DriveWorks Pro, DriveWorks Solo, and DriveWorksXpress.
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