About Proficiency
Proficiency is a company based in Tel Aviv (Israel) founded in 1998 was acquired by ITI in July 2009.. Proficiency has raised $58.65 million across 5 funding rounds from investors including ITI, Catalyst Investors and Pitango. Proficiency operates in a competitive market with competitors including Comet Solutions, TASKING, SolidWorks, TOSUN Technology and NAVASTO, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Funding Insights of Proficiency
Proficiency has successfully raised a total of $58.65M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $4.25 million completed in February 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 5
- Last Round Series C — $4.2M
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First Round
First Round
(01 Jun 1999)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2008 | Amount | Series C - Proficiency | Valuation |
investors |
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| Feb, 2007 | Amount | Series C - Proficiency | Valuation |
investors |
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| Apr, 2004 | Amount | Series C - Proficiency | 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 Proficiency
Proficiency has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include ITI, Catalyst Investors and Pitango. 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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Growth equity venture capital firm
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Founded Year | Domain | Location | |
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies globally.
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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 Proficiency
| 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 - Proficiency
| 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 |
Proficiency Comparisons
Competitors of Proficiency
Proficiency 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 Comet Solutions, TASKING, SolidWorks, TOSUN Technology and NAVASTO, 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 |
Simulation software for product development is provided by Comet Solutions.
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| domain | founded_year | HQ Location |
Software development tools for automotive microcontroller programming are provided.
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| domain | founded_year | HQ Location |
CAD software solutions for 3D solid modeling are provided.
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| domain | founded_year | HQ Location |
Designig solutions for OEMs and suppliers
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| domain | founded_year | HQ Location |
AI-enabled design solutions are offered for the automotive sector.
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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 Proficiency
When was Proficiency founded?
Proficiency was founded in 1998 and raised its 1st funding round 1 year after it was founded.
Where is Proficiency located?
Proficiency is headquartered in Tel Aviv, Israel.
Is Proficiency a funded company?
Proficiency is a funded company, having raised a total of $58.65M across 5 funding rounds to date. The company's 1st funding round was a Series C of $12M, raised on Jun 01, 1999.
What does Proficiency do?
Proficiency was founded in 1998 in Tel Aviv, Israel. Online software for CAD data translation and migration is provided, enabling interoperability, design transfers, and 3D data handling. Sketches, parameters, and metadata are supported in translations, along with plugins and add-on tools. Manufacturers and suppliers in the automotive, aerospace, defense, and heavy machinery sectors are served through these operations.
Who are the top competitors of Proficiency?
Proficiency's top competitors include Comet Solutions, SolidWorks and TASKING.
Who are Proficiency's investors?
Proficiency has 10 investors. Key investors include ITI, Catalyst Investors, Pitango, Viola Group, and Concord Ventures.
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