About Frustum
Frustum is a company based in Boulder (United States) founded in 2014 was acquired by PTC in November 2018.. Frustum has raised $3 million across 2 funding rounds from investors including PTC and Next47. Frustum operates in a competitive market with competitors including Tech Soft, GrabCAD, TOffeeAM, Mixed Dimensions and Vectorworks, among others.
- Headquarter Boulder, United States
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Sectors
Technology
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Email
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Phone
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Website
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Seed - Frustum | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - Frustum | Valuation |
investors |
| 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 Frustum
Frustum has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include PTC and Next47. 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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Venture investments in systems, infrastructure, and applications for enterprise founders.
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PTC is recognized as a global leader in product lifecycle management software.
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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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Investments & Acquisitions by Frustum
| 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 - Frustum
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Frustum Comparisons
Competitors of Frustum
Frustum 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 Tech Soft, GrabCAD, TOffeeAM, Mixed Dimensions and Vectorworks, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provide 3D designing softwares for developers
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| domain | founded_year | HQ Location |
Cloud-based design collaboration software
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| domain | founded_year | HQ Location |
Provider of AI and cloud-based 3D model fixing software
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| domain | founded_year | HQ Location |
3D model repair tools and content capture solutions are developed.
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| domain | founded_year | HQ Location |
CAD software for 3D modeling and design applications is developed.
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| domain | founded_year | HQ Location |
3D model fixing software is provided for 3D printing applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Frustum
Frequently Asked Questions about Frustum
When was Frustum founded?
Frustum was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Frustum located?
Frustum is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Is Frustum a funded company?
Frustum is a funded company, having raised a total of $3M across 2 funding rounds to date.
What does Frustum do?
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.
Who are the top competitors of Frustum?
Frustum's top competitors include GrabCAD, Tech Soft and Vectorworks.
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