About Geomagic
Geomagic is a company based in Cary (United States) founded in 1996 was acquired by 3D Systems in December 2012.. Geomagic has raised $8 million across 2 funding rounds from investors including 3D Systems, Valhalla Partners and National Science Foundation. The company has 54 employees as of December 31, 2022. Geomagic has completed 1 acquisition, including SensAble Technologies. Geomagic offers products and services including Geomagic Control X, Geomagic Design X, Geomagic Freeform, Geomagic for SOLIDWORKS, and Geomagic Wrap. Geomagic operates in a competitive market with competitors including Onshape, Vention, Intergraph, Tech Soft and GrabCAD, among others.
- Headquarter Cary, United States
- Employees 54 as on 31 Dec, 2022
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Geomagic, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Oct 29, 2008
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Investors
3D Systems
& 2 more
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Employee Count
54
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
3D Systems
(Dec 01, 2012)
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Products & Services of Geomagic
Geomagic offers a comprehensive portfolio of products and services, including Geomagic Control X, Geomagic Design X, Geomagic Freeform, Geomagic for SOLIDWORKS, and Geomagic Wrap. 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.
Processes data from 3D scanners for quality control.
Creates CAD models from 3D scan data quickly.
Handles complex organic models for digital design.
Integrates point clouds into SOLIDWORKS for CAD work.
Transforms 3D scans into usable models accurately.
Funding Insights of Geomagic
Geomagic has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in October 2008. 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 Series A — $8.0M
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First Round
First Round
(10 Jun 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2008 | Amount | Series A - Geomagic | Valuation |
investors |
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| Jun, 2008 | Amount | Grant - Geomagic | Valuation |
investors |
| 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 |
Investors in Geomagic
Geomagic has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include 3D Systems, Valhalla Partners and National Science Foundation. 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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Tech-focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location | |
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Provider of solid imaging solutions
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Geomagic
Geomagic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SensAble Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of 3D touch-enabled modelling system
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Geomagic
| 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 |
Geomagic Comparisons
Competitors of Geomagic
Geomagic 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, Intergraph, Tech Soft and GrabCAD, 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 |
Cloud-based 3D CAD system is accessed via web browsers.
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| domain | founded_year | HQ Location |
Modular hardware and software platform for industrial automation is provided.
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| domain | founded_year | HQ Location |
Computer-aided design and geospatial intelligence software is supplied for enterprises.
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| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Geomagic
When was Geomagic founded?
Geomagic was founded in 1996 and raised its 1st funding round 12 years after it was founded.
Where is Geomagic located?
Geomagic is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Is Geomagic a funded company?
Geomagic is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Grant of $525.44K, raised on Jun 10, 2008.
How many employees does Geomagic have?
As of Dec 31, 2022, the latest employee count at Geomagic is 54.
What does Geomagic do?
Geomagic was founded in 1996 in Cary, United States, within the digital shape sampling and processing sector. Operations focus on 3D scanners, design software, inspection tools, and haptic devices such as Geomagic Touch for sculpting and simulations, Touch X for precise positioning, and Phantom Premium models for manufacturing verification and medical research. The company was acquired by 3D Systems in January 2013.
Who are the top competitors of Geomagic?
What products or services does Geomagic offer?
Geomagic offers Geomagic Control X, Geomagic Design X, Geomagic Freeform, Geomagic for SOLIDWORKS, and Geomagic Wrap.
How many acquisitions has Geomagic made?
Geomagic has made 1 acquisition, including SensAble Technologies.
Who are Geomagic's investors?
Geomagic has 3 investors. Key investors include 3D Systems, Valhalla Partners, and National Science Foundation.