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§ Private Profile · Cincinnati, OH, USA
Software provider offering engineering solutions for manufacturing product development teams, focused on CAD, CAE, and simulation.
Comet Solutions is a Cincinnati, Ohio-based technology company that provides software-based engineering solutions designed for product development workgroups operating within the manufacturing sector. The platform enables engineering experts to rapidly conduct complex analyses on product variations, design options, and concepts by integrating with pre-specified computer-aided design and computer-aided engineering tools. To optimize performance, the software efficiently manages simulation job execution across multiple deployment environments, including public cloud infrastructure and dedicated high-performance computing clusters. Operating under a business model that sold software licenses and professional services to manufacturing enterprises, the firm successfully raised $19.49 million in total funding prior to its strategic acquisition by Aras. This corporate acquisition integrated the company's simulation technology into the broader Aras enterprise ecosystem to expand product lifecycle management capabilities. Comet Solutions was originally founded in 2001 by Malcolm Panthaki.
Comet Solutions has raised $6.0M across 2 funding rounds.
Comet Solutions has raised $6.0M in total across 2 funding rounds.
Comet Solutions has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Series C in March 2012.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2012 | $4M Series C | Athenian Venture Partners | SUN Mountain Capital, TRI State Growth Capital Fund | Announced |
| Jan 25, 2010 | $2M Series B | Athenian Venture Partners | Keyhorse Capital, TRI State Growth Capital Fund | Announced |
Comet Solutions has raised $6.0M in total across 2 funding rounds.
Comet Solutions's investors include Athenian Venture Partners, Sun Mountain Capital, Tri-State Growth Capital Fund, Keyhorse Capital.