About Frustum
Frustum is a Technology company based in Boulder (United States) founded in 2014, and was acquired by PTC in November 2018. Design and topology optimization tools are provided for additive manufacturing. Frustum has raised $3 million across 2 funding rounds from investors including PTC and Next47. Its focus areas include High Tech, 3D Printing, Software and 3D Model Fixing. Its competitors include Tech Soft, GrabCAD and Mixed Dimensions; 2 of its 3 listed competitors have raised funding.
Company details
Frustum was founded in 2014 in Boulder, United States, as a software company in the engineering sector. Optimization tools for design and topology are developed through the Generate platform to support additive manufacturing geometries. Integration with Siemens NX software is being pursued for combined CAD, CAM, and CAE functions. A cloud-based solution is utilized to resolve design and feasibility challenges in additive processes.
- Headquarters Boulder, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website frustum.com
- Social X Facebook
- Acquired by PTC (Nov 2018)
Funding Insights of Frustum
Frustum has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in June 2017. 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 $3M
- Total Rounds 2
- Last Round Seed — $3M
- Investors Count 1
All 2 funding rounds of Frustum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $3M | Seed | – | – | – |
| Jun 2016 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Frustum
Frustum has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include PTC and Next47.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture investments in systems, infrastructure, and applications for enterprise founders. | next47.com | |||
PTC is recognized as a global leader in product lifecycle management software. | 1985 | ptc.com | Boston, United States |
Investor details for Frustum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Frustum
4 dated milestones of Frustum across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Frustum is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $3.0M.
- Exit Acquired by PTC.
Competitors of Frustum
Frustum has 3 listed competitors in our database, 2 of them funded. They include Tech Soft, GrabCAD and Mixed Dimensions.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| techsoft3d.com | 1996 | Berkeley, United States | 49 | Provide 3D designing softwares for developers | ||
| grabcad.com | 2009 | Eden Prairie, United States | $14.74M | 1,132 | Cloud-based design collaboration software | |
| mixeddimensions.com | 2009 | San Francisco, United States | $5.03M | 8 | 3D model repair tools and content capture solutions are developed. |
Detailed competitors of Frustum
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Top companies in 3D Printing & Scanning Services
3 companies that operate in the same segment as Frustum (3D Printing & Scanning Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | |||
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M |
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Frequently Asked Questions about Frustum
Frustum was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Frustum is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Frustum is a funded company, having raised a total of $3M across 2 funding rounds to date.
Frustum was founded in 2014 in Boulder, United States, as a software company in the engineering sector. Optimization tools for design and topology are developed through the Generate platform to support additive manufacturing geometries. Integration with Siemens NX software is being pursued for combined CAD, CAM, and CAE functions. A cloud-based solution is utilized to resolve design and feasibility challenges in additive processes.
Frustum's top competitors include GrabCAD, Tech Soft and Mixed Dimensions.
Yes. Frustum was acquired by PTC in November 2018.